La.-run insurer would be difficult to manage under bill, exec says

05/9/2013 | Advocate (Baton Rouge, La.), The

Managing Louisiana Citizens Property Insurance would be more difficult if lawmakers approve a cap on the state-backed insurer's rate increases at 25%, said Richard Robertson, the insurer's CEO. Several staff members from the insurer are expected to testify at a House committee hearing on the proposal, Robertson said. "We're hoping to get it modified so it doesn't set us back a year or more," he said.

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Advocate (Baton Rouge, La.), The

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