Here is an interview with the CEO of a #Louisiana#insurance company. Of their $ 445 M loss since Katrina, 90% is covered by re-insurance (but the re-insurance premiums have skyrocketed). And Louisiana has a cap on homeowners' #premiums.
As in Florida, there is the Louisiana Citizens Insurance (where the taxpayer bears the risk).
Basically they're all just praying for a quiet #hurricane season. Meanwhile the Gulf is like a hot tub.