homeowners insurance increase News

State Farm is raising homeowner rates an average of 8.7 percent statewide for its nearly 308,000 policyholders. According to State Farm’s filing with the Insurance Department, the statewide increase will generate $40.1 million. The Advocate reports the higher rates are …

Lafayette officials are floating the idea of a tax swap to fund public safety, exchanging two property taxes that now support fire and police with a new half-cent sales tax. Chief Financial Officer Lorrie Toups tells The Advocate the plan, …