Louisiana-licensed insurer to assume 30,000 policies from insolvent companies

The deal to transfer the policies currently awaits approval from the 19th Judicial District Court. The LDI is unable to disclose the identity of the acquiring insurance company until both parties agree on terms, and the appropriate court approvals have been obtained. The targeted effective date of the transaction is December 01, 2021.

“The assumption of the policies is great news,” said Louisiana Insurance Commissioner Jim Donelon. “Most policyholders will not need to worry about finding new coverage. Their policies will automatically transfer to the new insurer on the same rates and terms as Access Home and State National Fire

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