BATON ROUGE, La. (AP) — Insurance coverage corporations working in Louisiana shall be charged at the least $100 million to pay the claims of two failed property insurers who went stomach up in Hurricane Ida’s aftermath. However the price of coping with the bancrupt insurers finally will fall on the state after corporations recoup the {dollars} via a collection of tax credit.
The Advocate experiences that the board of the Louisiana Insurance coverage Warranty Affiliation — a state-sponsored security web for policyholders — voted for the primary time since 2004 to cost insurers 1% of their web written premiums to … Read More
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