Cajun Underwriters Reciprocal Exchange is a Louisiana Domiciled Insurance Company that received its Certificate of Authority on June 15, 2022.
Yes, On July 12, 2022, Demotech affirmed the company with a rating of “A Exceptional.”
Cajun Underwriters is a reciprocal insurance company. A reciprocal insurance exchange is a type of insurance company. In this structure, the carrier is owned by policyholders but managed by a separate entity. The policyholders spread their risks among themselves. Policyholders of a reciprocal insurance exchange are referred to as subscribers.
Yes, a Subscriber Agreement and Limited Power of Attorney are required and must be signed by the policyholder (first named insured) and received by Cajun Underwriters. Failure to provide these documents will result in cancellation of the policy. These documents will be available for e-signature online at www.cajunuw.com.
While Cajun Underwriters was going through the regulatory review process, SafePoint agreed to assume the Americas policies to give those policyholders a smooth transition from Americas Insurance Company. Once Cajun Underwriters was approved, those policies were transferred from SafePoint to Cajun Underwriters effective June 15, 2022.
Cajun Underwriters will start renewing assumed policies effective October 1, 2022.
Our Customer Service phone number is 1(855)509-3432
Your agency will receive a commission direct deposit no later than fifteen days after the close of the month. Commissions will only be issued to agents who have completed and returned their contract to Cajun Underwriters.
Those commissions are paid by the Receiver approximately 15 days after close of the month.