Louisiana's residual insurer exposed to Nate

Residual insurer, Louisiana Citizens, has $650mn of reinsurance
cover which could be impacted by tropical storm Nate following the
National Hurricane Center's (NHC) issuance of a hurricane
warning for the area of Louisiana stretching from Morgan City to
the Mississippi border.
Louisiana's 2017/2018 reinsurance programme provides up to
$650mn of cover once the $35mn retention has been surpassed.
Louisiana Citizens also has a $100mn line of credit with Regions
Bank to provide additional liquidity.