Lighthouse Property Insurance Company Insolvency FAQs

Liquidation Order

What happened to Lighthouse Property Insurance Corporation (Lighthouse)?
Lighthouse agreed to an order of liquidation from the Louisiana Department Insurance. As part of the liquidation order, ALL remaining active Lighthouse Property Insurance Corp. policies will be cancelled effective 12:01 a.m. on May 28, 2022.

Where can I get more information?
The Louisiana Department of Insurance has appointed Bostick/Crawford Consulting Services to administer the liquidation. You may email the receiver at billy.bostick@bccg.com or (225) 201-0107.

How do I report a new property and casualty claim?
Please call 803-799-1560 to report a new claim.

Who do I contact regarding existing Lighthouse Claims?
Contact the South Carolina Guaranty Association at 803-799-1560 and follow the prompts to reach a claims examiner.

Will insureds get their unearned premium back?
Yes – the South Carolina Guaranty Association will refund unearned premium back to insureds less the $100 statutory retention as required by state law.

Does the insured have to make a claim for unearned premium?
No – insureds/agents do NOT need to file a claim for unearned premium. The Receiver will provide the South Carolina Guaranty Association with policy cancellation status and return premium information 60 – 90 days after the date of the Order of Liquidation. Refund checks will be automatically processed to insureds by the SC Guaranty Fund.

When will insureds receive refund checks?
Unsure – the timetable for processing refunds depends on several factors – all of which have very fluid timelines. As soon as the South Carolina Guaranty Association receives the data, they will start processing the checks.

Will agents owe unearned commission back to Lighthouse?
Yes – agents will receive notices from the Louisiana Department of Insurance (or their liquidation office) with information and instructions on how to return commission from unearned premiums.

What is the status of current Lighthouse policies?
ALL Lighthouse policies will cancel effective 12:01 a.m. on May 28, 2022 unless they are cancelled earlier by the insured/agent.

Should I wait until May 28, 2022 to replace a Lighthouse policy?
No – agents should work as quickly as possible to replace all current Lighthouse policies. There is no advantage to waiting – and several risks.