Published: Jan. 30, 2023
By: Claire Sullivan, Molly Ryan, LSU Manship School News Service
BATON ROUGE, La. — Legislators kicked off a special session Monday to address one agenda item: whether to approve $45 million for an incentive fund to persuade home insurers to come back to the state.
Two bills were introduced in the House Monday: one to appropriate funds for the Insure Louisiana Incentive Program and a second to place some restrictions on the use of those funds.
The second bill would exclude insurance companies that filed for bankruptcy or were declared insolvent or were owned by a parent company that was declared insolvent.
Lawmakers quickly adjourned for the day after referring the bills to the House Appropriations Committee. It is scheduled to consider them on Tuesday.
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