Saying it would be “futile” to try further to rehabilitate the company, a Louisiana judge has ordered liquidation of Tampa-based Lighthouse Property Insurance because it is insolvent. The order issued Thursday by Judge Richard “Chip” Moore III in Louisiana’s East Baton Rouge Parish was another sign of trouble in Florida’s property-insurance market, as Lighthouse had about 27,000 policies in Florida as of earlier this month.
Saying it would be “futile” to try further to rehabilitate the company, a Louisiana judge has ordered liquidation of Tampa-based Lighthouse Property Insurance because it is insolvent. The order issued Thursday by Judge Richard “Chip” Moore III in Louisiana’s East Baton Rouge Parish was another sign of trouble in Florida’s property-insurance market, as Lighthouse had about 27,000 policies in Florida as of earlier this month.