Louisiana insurance companies to pay $100 million for Ida losses of 2 failed insurers

Louisiana Insurance - Payout
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The insurers operating within the state will be paying that amount to cover the claims from the hurricane. Louisiana insurance companies are gong to be charged at least $100 million to make the payments for the claims owed by two insurers in the state that failed in the wake of Hurricane Ida. Ultimately, the cost of paying off the insolvent insurers’ claims payments will land on the state. The Louisiana insurance companies that make the payments on behalf of the failed insurers will eventually recover the money they paid out…

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