As Louisiana insurance commissioner, Jim Donelon has heard it all - the stories of quadrupling premiums, abrupt cancellations, disappearing carriers, denied claims. Consumers and business owners in this hurricane-battered region can recite all the reasons they want him to make property coverage more affordable, more available, and more effective. Donelon favors solutions that encourage competition, including adding Louisiana to the growing list of states that permit businesses to band together to create their own locally based "captive" insurance companies. Louisiana's enabling legislation is scheduled to be introduced next spring.
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