insurance companies operating in Louisiana will now be charged at least $100 million to pay the claims of failed Access Home Insurance Co. and State National Fire Insurance Co.
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BATON ROUGE, La. (AP) Insurance companies operating in Louisiana will be charged at least $100 million to pay the claims of two failed property insurers who went belly up in Hurricane Ida’s aftermath. But the cost of dealing with the insolvent insurers ultimately will fall on the state after companies recoup the dollars through a series of tax credits.
BATON ROUGE, La. (AP) Insurance companies operating in Louisiana will be charged at least $100 million to pay the claims of two failed property insurers who went belly up in Hurricane Ida s aftermath.