The Sun Herald | 12/02/2006 | Insurer backs out of New Orleans

The Sun Herald | 12/02/2006 | Insurer backs out of New Orleans:

"St. Paul Travelers said Friday that it will stop renewing many commercial insurance policies in the New Orleans area next year, stoking fears that other insurers are prepared to pull out of the market after Hurricane Katrina.

The state's largest commercial insurer will stop renewing property business policies for an undisclosed number of small- and mid-sized businesses, mostly in Orleans Parish, starting in March, a spokeswoman for the St. Paul, Minn., company said."