April 12, 2022
Weeks after Lighthouse Property Insurance announced it would stop writing new business in Florida, the insurer has been placed into receivership in Louisiana. Insurance Commissioner Jim Donelon placed Lighthouse into receivership last week in the 19th Judicial Circuit Court. Lighthouse …
December 15, 2021
An unnamed Louisiana private insurer will assume to acquire all policies from two insolvent homeowners insurance companies that were placed into receivership in November by the Louisiana Department of Insurance. Louisiana Insurance Commissioner Jim Donelon approved the transaction Wednesday, Dec. …
December 2, 2021
Louisiana property and casualty insurers will be assessed $100 million to cover the cost of two regional insurance companies facing insolvency due to losses from Hurricane Ida. The Louisiana Insurance Guaranty Association board voted Nov. 30 to assess admitted insurers …
November 15, 2021
The Louisiana insurance commissioner is seeking a government takeover of Access Home Insurance Co. and State National Fire Insurance Co., two regional insurance companies that are facing insolvency due to losses from Hurricane Ida to ensure the company’s policyholders are …