Louisiana Insurance Guaranty Association News

NEW ORLEANS (AP) — A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida. The New Orleans Advocate, owned by the Times Picayune, reports that the Louisiana Insurance Guaranty Association …

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 …