Louisiana Seeks Take-Over of Failing Insurers After Ida

A hurricane on earth viewed from space. This is a rendered image.

The Louisiana insurance commissioner is seeking a government takeover of two regional insurance companies that are facing insolvency due to losses from Hurricane Ida to ensure the company’s policyholders are paid what they are owed, officials said. The insolvency could cause thousands of Louisiana residents to get kicked off their insurance policies. However, policyholders whose… Continue reading Louisiana Seeks Take-Over of Failing Insurers After Ida