By Drew Broach | Deputy metro editor
CRISIS OF CLAIMS: Failed insurance companies. Multi-billion dollar losses. Consumers on edge. Sound familiar? The past two years have dealt a punishing blow to Louisiana’s homeowners insurance market, much like the wave of hurricanes that rocked the Gulf Coast more than a decade ago. In 2020 and 2021, hurricanes Laura, Delta, Zeta and Ida spawned hundreds of thousands of claims. Bruised by steep losses, some companies in the already frail insurance market are now in retreat.
LAME DUCK: Republican legislators have been challenging Louisiana Gov. John Bel Edwards for six years now, although the Democratic chief executive usually has triumphed. But Wednesday's votes to override his veto of the Legislature's map of congressional districts appears to have weakened Edwards' ability to steer his agenda for the rest of the 2022 legislative session - and signaled he's a lame duck for the remainder of his second term.
FAN IN THE STREET: The New Orleans Central Business District and Ernest N. Morial Convention Center were overtaken Saturday by shouts of "Vs up," "Rock chalk, Jayhawk" and a sea of blue as basketball fans talked smack and strutted team swag before the NCAA men's Final Four games n the Caesars Superdome.
Thanks for starting your Sunday with us. Check the latest news all day on NOLA.com. D.B. |