Louisiana families face higher insurance premiums after years of devastating storms

Louisiana families face higher insurance premiums after years of devastating storms

Thousands of people in the South no longer have home insurance because companies are leaving the area after years of devastating storms. Between this winter's devastating tornados and other severe weather, this has left people dealing with thousands of dollars in damage. Dr. Rajesh Narayanan, chair of the Finance Department at Louisiana State University joins FOX Weather with more on why insurers are pulling out of the state.