The LC&I Fund was founded in 1989 with a singular focus on small and mid-sized businesses. Today, we have over 2,000 companies (businesses we write) in our portfolio. We are committed to the success of these policyholders. And while we do offer significant savings for small businesses whenever possible. Our true value is our willingness to provide incomparable service—to agents and policyholders alike. Because when the need arises, it’s the little things like altering our hours of operation or other standard procedures that make all the difference to the people we serve.

Inclusion in Westport’s Professional Liability Coverage:
The Independent Insurance Agents & Brokers of America recently added our program to its exclusive list of accepted funds. With over 50 years’ experience, Westport is highly selective about providing insolvency coverage for group self-insurance funds. To be selected, a fund must provide financial statements, actuarial review, and full documentation regarding its operations, profitability, stability and reinsurance. We are proud of our ability to offer Louisiana agents access to this important coverage.

Statutory Reinsurance Through ACE:
The support of our agents and the good loss experience of our members have made possible our recent reinsurance arrangement with ACE USA, the U.S. based retail division of the Ace Group. Ace is rated A+ (Superior) XV by AM Best and has assets of over $73 Billion. Thanks to this agreement, which provides for full statutory coverage, our members have enjoyed an unprecedented level of security backed by a partner with enormous resources.

Demotech Financial Stability Rating of “A”:
Only insurers who possess exceptional financial stability earn an “A” rating. Insurers who do so must maintain a positive surplus in regards to: policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing earn. Demotech applies its broad actuarial and insurance industry experience to its assignment of Financial Stability Ratings® (FSRs) to insurers of all sizes.