Bermuda startup company Ironshore Insurance Ltd. and Louisiana officials announced that the insurer has been approved by the state's regulators to provide property and catastrophe insurance.
The company said it will provide commercial property and condominium coverages for the entire state, including the coastal-exposed businesses.
Insurance Commissioner James J. Donelon said his department has been trying "to bring additional capacity to the Louisiana insurance marketplace. We view the entrance of Ironshore as a key achievement in our move toward bringing new insurers into the state."
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