FOR IMMEDIATE RELEASE

DATE:

JULY 8, 2008

CONTACT:

SEN. GAUTREAUX

PHONE:

337-740-6425

SENATE COMMITTEE TO HOLD SPECIAL MEETING ON PROPOSED LA CITIZENS PROPERTY INSURANCE RATE INCREASES

SENATOR GAUTREAUX ENCOURAGES PUBLIC TO ATTEND

  District 26 State Senator Nick Gautreaux (D-Meaux) is concerned about the upcoming property insurance rate increases proposed by the Louisiana Citizens Property Insurance Corporation. He is encouraging the public to attend a special meeting hosted by the Senate Committee on Insurance to discuss the proposal and other issues related to property insurance. The meeting will take place at 6pm, Thursday, July 17th at the Vermillion Courthouse in Abbeville. Senator Gautreaux says this is an opportunity for citizens to voice their concerns and get any questions about the rate increase answered.
"I want to thank my colleagues on the Insurance Committee for hosting these meetings," said Senator Gautreaux. "This is an issue that's very important to the residents of southwest Louisiana, especially as we continue to rebuild our communities after the hurricanes of 2005. We have to do everything we can to make sure that people have access to affordable property insurance. It's vital to our safety, our economy and our future."

  Senator Gautreaux has fought long and hard to bring affordable property insurance to the people living in the coastal areas of the state. Just last year he authored legislation that removed the 10% over-market-average charge when Citizens Property Insurance is the only company providing coverage in the parish. He says that the state must work hard to find creative solutions in solving the lack of available property insurance in Southwest Louisiana and public meetings like the ones being held by the Senate Committee on Insurance is a positive step forward.

CITIZENS PROPERTY INSURANCE RATE INCREASE MEETING:

Thursday, July 17th
6pm
Vermillion Courthouse
100 N. State Street
2nd Floor
Abbeville, LA


Another special meeting is planned at 6pm, Tuesday, July 15th and the Calcasieu Police Jury in Lake Charles.
For information on this and other important issues, citizens can go to http://senate.legis.state/la.us/GautreauxN.