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Ninth insurer in Louisiana goes under; here's what it means for 1,500 open claims

Por: The Advocate Business September 27, 2022

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Fednat Insurance Co., a Florida-based insurer with a modest presence in Louisiana, has been steered into insolvency by regulators after struggling to pay existing claims. It’s the ninth company with policies in Louisiana to go under since a flurry of storms hit the state starting in the summer of 2020.Fednat had filed a notice to withdraw from Louisiana in May, a move that allowed it to cancel its existing 13,500 policies in the state, records... + full article



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