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State program placed Louisiana’s riskiest policies with untested insurers; many then failed

Por: The Advocate Business October 02, 2022

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Over the last decade and a half, more than 129,000 policyholders have been offloaded from Louisiana Citizens Property Insurance Corp., the . Through a program known as depopulation, some of the riskiest policies were placed with untested private insurers as the agency tried to reduce its exposure to future hurricane losses.Few homeowners knew how vulnerable some of the new private insurers really were until companies faced their first major... + full article



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