Insurance companies operating in Louisiana will be charged at least $100 million to pay claims of two failed property insurers who went belly up in Hurricane Ida’s aftermath
A Baton Rouge judge granted the Louisiana insurance commissioner’s motion to liquidate Lighthouse Property Insurance Co. late last month, marking the fourth insurer insolvency in the state in the wake of the 2020 and 2021 hurricane seasons.
A Louisiana district court judge last week ordered the liquidation of Lighthouse Property Insurance Co., the troubled homeowners insurer who held policies
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.
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