"There's no question we're experiencing a crisis in the insurance availability in our state," said James Donelon, commissioner for the state's Department of Insurance. "It's certainly causing some people to turn in the keys and give up their homes and to shut the doors on their businesses." Credit: Mark Felix/Bloomberg

(Bloomberg) — A little over a year ago, Peter Gardner, a Louisiana developer, completed rehabbing an apartment building with 144 units and got a surprise so ugly it made him decide to move his business out of town.

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