PIA National President-elect Robert Page of Houma, Louisiana says only a few of his thousands of clients have dropped their wind and hail coverage as a result of post-Katrina premium increases. In an Associated Press news story this week, Page said that said the owners of three large apartment complexes in Houma recently dropped their wind and hail coverage after their premiums doubled, but that was not typical.  Page said while only a few of his thousands of customers have gone completely “bare” after Katrina, “it’s only the beginning. In my opinion, it’s going to get worse before it gets better.”

Gulf Residents Forgo Insurance (Associated Press 3/25/07)

March 27, 2007