In the last year, eight property insurance companies in Louisiana have become insolvent due to excessive catastrophe losses and a lack of adequate capital. At least 112 other companies have submitted withdrawal notices to leave the state.
In contrast, SURE said it had a strong surplus, a robust reinsurance program and a strong financial outlook. In addition, its underwriting partner SageSure is the leading property insurance MGU focused on catastrophe risks.
“Challenging markets deserve innovative solutions backed by a track record of strong results,” said Ed Konar, president of SURE. “We are excited to partner with SageSure to be a