last resort property insurer News

Louisiana Citizens Property Insurance Continues to Unload Policies

Louisiana’s property insurer of last resort expects to shift about 10,000 policies to private insurance companies for 2016, a move that will reduce premiums by roughly $20 million. Interim Chief Executive Officer Vijay Ramachandran told The Advocate seven private companies …

No New Plan for Dealing With Citizens’ Budget Gap

The governing board for Louisiana’s property insurer of last resort didn’t choose an alternate approach Wednesday to balance the company’s books after a $100 million borrowing plan stalled at the state capitol. Instead, Steve Cottrell, chief financial officer for the …