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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.

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