Run in Spirit: With a Donation to the REALTOR Relief Fund
LOUISIANA REALTORS • October 19, 2018
This year during NAR’s REALTOR Conference & Expo, there will be the first-ever 5K race/walk around Boston starts and ends at the Boston Common, the oldest city park in America. This event benefits the REALTORS® Relief Foundation and other local charities, including New England Center for Homeless Veterans, St. Francis House and Friend's of Boston's Homeless.
Louisiana REALTORS has assembled the Louisiana Lagniappe team led by President Pam Testroet. The group will participate in the event and is seeking donations that will benefit the Disaster Relief Fund. Many of us in Louisiana have benefited from the contributions of our fellow REALTORS following disasters and our friends in Florida and Carolinas could use the favor returned. If you aren’t attending NAR’s meeting in Boston, you can “Run in Spirit” with the team and donate at the link below.
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From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple announced today that the Louisiana Department of Insurance (LDI) continues its work to develop a regulation creating benchmark discounts for Fortified roofs in Louisiana. The LDI is working with the National Association of Insurance Commissioners (NAIC) to develop the benchmark discounts using Louisiana-specific data, hurricane modeling and actuarial considerations. “With over 11,000 Fortified roofs in Louisiana and two years-worth of insurer experience with rating for those roofs in our state, now is an appropriate time for the LDI to establish benchmark discounts for homeowners insurance companies operating in our market,” said Commissioner Temple. “These benchmarks are being thoughtfully developed to help consumers receive the discounts they deserve for fortifying their homes while making sure insurers know the benchmarks reflect how much Fortified roofs actually mitigate their exposure to risk across Louisiana.” Like in Alabama’s Fortified benchmark discount structure, the LDI regulation would require Louisiana insurance companies to either meet the minimum benchmark discount established by the LDI or provide actuarial justification for why the company’s discount does not meet the benchmark. Louisiana is the fastest growing state for Fortified roofs in America. To date, over 11,000 Fortified roofs have been installed in Louisiana, including over 4,100 through the Louisiana Fortify Homes Program.
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