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August 4, 2022 Property and Casualty News No comments
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NOLA Business Insider: Louisiana insurance premiums skyrocket

New Orleans Advocate, The (LA)

Good morning.

Louisiana's troubled homeowners insurance market has translated into huge premium increases for many residents. That is, for those fortunate enough to have an insurer that didn't fold or drop them. Homeowners, brokers and Insurance Commissioner Jim Donelon discuss the crisis on the eve of a public meeting at UNO to air out grievances.

BATTLE OF THE LODGING TITANS: Two New Orleans hospitality industry leaders are in a legal tussle over the unraveling of 12 hotel leases. Sonder Holdings Inc., the city's largest short-term rental and extended-stay operator, filed a complaint in federal court saying hotel magnate Joe Jaeger tried to improperly terminate the leases for properties in the French Quarter and Lower Garden District. Reporter Ben Myers has details.

HOUSING MESS: Embattled New Orleans landlord Joshua Bruno's was the target of a blistering court order by a U.S. bankruptcy judge who appointed a trustee to oversee six of his dilapidated complexes and accused him of millions of dollars in "potentially fraudulent" money transfers. Bruno's crumbling rental empire represented a large share of the housing inventory available to low income tenants in a city in dire need of affordable housing.

Thanks for checking out NOLA Business Insider. Have story ideas? Tips? Drop us a line at [email protected].

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