The board for Louisiana Citizens Property Insurance Corp. voted Thursday to borrow $100 million through bonds to cover a cash shortfall of $70 million, despite the objections of the states Treasurer.
The board for Louisiana Citizens Property Insurance Corp. voted Thursday to borrow $100 million through bonds to cover a cash shortfall of $70 million, despite the objections of the states Treasurer.
The head of Louisianas last-resort insurer says the claims generated by Hurricane Isaac will determine if it has enough funds to fulfill all of its obligations.
The head of Louisianas last-resort insurer says the claims generated by Hurricane Isaac will determine if it has enough funds to fulfill all of its obligations.
Louisiana Citizens Property Insurance Corp. is attempting to fully put the past behind it by authorizing its attorneys to begin settlement talks with disgruntled policyholders from the 2005 hurricane season.
Louisiana Citizens Property Insurance Corp. is attempting to fully put the past behind it by authorizing its attorneys to begin settlement talks with disgruntled policyholders from the 2005 hurricane season.
A judge has removed another legal hurdle for policyholders of Louisiana Citizens Property Insurance Corp. trying to collect more than $100 million for the company's failure to handle claims quickly enough following the 2005 hurricanes.
A judge has removed another legal hurdle for policyholders of Louisiana Citizens Property Insurance Corp. trying to collect more than $100 million for the company's failure to handle claims quickly enough following the 2005 hurricanes.
Attorneys representing a group of homeowners that sued the Louisiana insurer of last resort have rejected a settlement offer, calling it fatally flawed.