"If a special session could be called and concluded by February 15, the LDI could distribute funds to approved companies in early March. This would give participating insurers a three-month period to access reinsurance for their increased book of policies and start writing new business compared to funding it in the regular session," Louisiana Insurance Commissioner Jim Donelon wrote in a letter to state lawmakers. (Credit: Louisiana Governor's Office)
Louisiana Governor John Bel Edwards is calling for the state legislature to hold an extraordinary session with the goal of securing $45 million for the Insure Louisiana Incentive Fund, which aims to draw insurance companies into Louisiana's beleaguered property insurance market.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
