A fourth insurance company that served Louisiana consumers has exhausted its reinsurance coverage and run out of money, according to the state Department of Insurance.
Lighthouse Property Insurance placed into receivership businessreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessreport.com Daily Mail and Mail on Sunday newspapers.
The Florida-based company will take over around 24,000 policies from Americas Insurance Co. and two other companies that failed following Hurricane Ida.