LaiGa.org
About LaiGa.org
Our History and Our Background Prior to 1970, there was no insurance guaranty fund in Louisiana. If an insurance company (“insurer”) was declared insolvent, the policyholder (“claimant”) had to file a claim in the liquidation proceeding. Any assets from the insolvent insurer would eventually be divided among hundreds of creditors and claimants according to rank, which took years and rarely resulted in the actual payment of many claims.
