Property insurer ASI Lloyds, in St. Petersburg, Fla., said it will enter the Louisiana market to sell home and fire insurance after receiving a state grant.
ASI said it obtained a grant from the state-sponsored Insure Louisiana Incentive program. The insurer said it intends to begin writing policies in the second quarter of this year. The company was recently upgraded to an "A-minus (Excellent)" financial strength rating by A.M. Best.
"ASI is excited to enter the Louisiana marketplace," said John Auer, the insurer's president and chief executive officer.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
