BATON ROUGE, La. (AP) - Farmers Insurance intends to return to Louisiana to offer automobile, homeowners, condo and renters insurance, Insurance Commissioner Jim Donelon announced Monday, saying he approved the rate filings.
The company - the nation’s ninth largest property insurer - started selling homeowner policies in Louisiana in 1999, but left Louisiana’s market in 2014, Donelon said.
Farmers is returning to Louisiana as it part of a broad expansion into the East and South in recent years, the insurance department said. Farmers plans to offer policies in all 64 Louisiana parishes.
“The addition of a major national company to the roster of insurers offering property and automobile insurance in our state is a huge win for consumer choice and cost,” Donelon said in a statement.
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