Kingsway Startup to Sell Homeowners Insurance in Louisiana

Kingsway Financial Services Inc. announced it has completed the formation Maison Insurance Co. (Maison), a property/casualty insurance company primarily writing wind and hail homeowners coverage in Louisiana.

Maison received its certificate of authority from the Louisiana Department of Insurance on Nov. 15, and participated in the depopulation program offered by Louisiana Citizens Property Insurance Corp. finalized earlier this month.

Maison is led by President and CEO Doug Raucy, who has previously led the successful startup of two similar homeowners insurance companies. Kingsway expects the business to be immediately accretive to operating income and cash flow.

Source: Kingsway Financial Services Inc.