GeoVera slapped with cease-and-desist over non-renewal of Louisiana homeowner policies
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GeoVera slapped with cease-and-desist over non-renewal of Louisiana homeowner policies

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Property cat insurer GeoVera Specialty has been ordered to stop the non-renewal of Louisiana homeowners’ insurance policies in the wake of claims filed after Hurricane Delta.

State insurance commissioner Jim Donelon this week issued a cease-and-desist order arguing that GeoVera was breaking Louisiana law that prohibits insurers – “except in very limited circumstances” – from non-renewing policyholders who have been customers for more than three...

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