Special session on insurance begins

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.

Read more at WWL

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