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.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
