Louisiana Citizens Property Insurance Corporation, established in 2003 and headquartered in Baton Rouge, Louisiana, serves as the state’s insurer of last resort. Designed to provide coverage to those unable to obtain insurance in the competitive market, the corporation offers personal and commercial property insurance products, primarily focusing on homeowners' and dwelling fire insurance.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| LASGEN 2.74% 2025-06-01 USDLouisiana Citizens Property Insurance Corporation | United States | 2025-06-01 | 2.740 | 2.72 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The agency first began issuing bonds in 2005, primarily to support its statutory obligations related to policyholders and claims. Notably, in 2012, Louisiana Citizens issued $75 million in bonds to cover projected losses from hurricanes, demonstrating a proactive approach to disaster management. Currently, its bond yields are competitive within the industry, reflecting both the stability of its underlying asset base and ongoing efforts to maintain adequate reserves, ensuring a prompt response in times of need.