PICA Takes Over Louisiana Commercial Policies | New Orleans News

Louisiana’s commercial property insurers are getting a major lifeline as PICA, a state-backed insurer, steps in to take over all 5,100 existing Citizens policies — a historic move that could slash premiums by 15-40%. Governor Jeff Landry calls it unprecedented, while Insurance Commissioner Tim Temple credits recent reforms for rebuilding market confidence. Businesses aren’t forced to switch, but staying with Citizens may mean paying more. With PICA’s strong financials and full regulatory vetting, this shake-up promises lower costs and more choice — all while the state recovers from hurricane devastation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://www.fox8live.com/2026/09/14/la-commercial-policyholders-have-new-insurance-option/ More coverage & latest updates:https://sources.thednn.ai/6fd8f48e63717d91 Report issues to [email protected].