Louisiana Citizens has plenty of cash to pay Ike, Gustav claims

09/19/2008 | NOLA.com (New Orleans)

Louisiana Citizens Property Insurance Corp. has received more than 41,000 claims since Hurricanes Ike and Gustav hit, and several thousand more are expected. But the company has $350 million in cash and can pay the estimated $150 million in claims with no need to raise fees for policyholders, says John Wortman, the company's CEO.

View Full Article in:

NOLA.com (New Orleans)

Published in Brief: