Funding requests exceeded the $45 million that the state earmarked for the program during an extraordinary session on insurance held earlier this year. (Credit: Shutterstock.com) Funding requests exceeded the $45 million that the state earmarked for the program during an extraordinary session on insurance held earlier this year. (Credit: Shutterstock.com)

The Insure Louisiana Incentive Program received applications from nine insurance companies, which collectively requested more than $62 million in grant money, according to the Louisiana Department of Insurance (LDI). The applicant's funding requests surpassed the $45 million allocated for the program, and state lawmakers are working on a bill to increase the program's funding.

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:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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]