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With the latest round of take-outs, Louisianas last-resort insurer has reduced its policy count 43 percent since it reached an all-time high in early 2008.

With the latest round of take-outs, Louisianas last-resort insurer has reduced its policy count 43 percent since it reached an all-time high early in 2008.

With the latest round of take-outs, Louisianas last-resort insurer has reduced its policy count 43 percent since it reached an all-time high early in 2008.

Louisiana Citizens Property Insurance Corp. says it has settled 85 percent of the more than 17,000 claims it received from Hurricane Isaac, the fastest it has settled so many claims after a significant loss event in its history.

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 U.S. Supreme Court on Monday said it would not hear an appeal from insurer Louisiana Citizens on a class-action lawsuit that followed Hurricane Katrina, handing another victory to plaintiffs who are already owed more than $105 million.

A scheduled meeting today between Louisiana Citizens Property Insurance Corp. and attorneys for more than 18,500 policyholders owed about $105 million from the last-resort insurer was abruptly canceled.

A scheduled meeting today between Louisiana Citizens Property Insurance Corp. and attorneys for more than 18,500 policyholders owed about $105 million from the last-resort insurer was abruptly canceled.