The Louisiana Department of Insurance (LDI) published a bulletin informing P&C insurers of the department's Fortified Homes Premium Discounts program.
Insurers are required to offer premium discounts for residential properties that have achieved a FORTIFIED designation, as set by the IBHS. Insurers are also required to be knowledgeable about the program, any insurance laws governing the program, and be able to convey that information to insureds. Discounts must be offered based on the following table:
| Zone | Fortified Roof | Silver | Gold |
| North | 16% | 20% | 24% |
| Central | 27% | 35% | 42% |
| South | 29% | 43% | 49% |
North, Central, and South represent regions in Louisiana, and Fortified Roof, Silver, and Gold represent the level of protection offered, with Gold being the most extensive. The table was developed using Verisk and Moody's hurricane catastrophe models.
Insurers are required to offer premium discounts in compliance with the program by January 1, 2027.
The bulletin can be found here.
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Ray Sugrim
Ray Sugrim is an Insurance Editor with FC&S Expert Coverage Interpretation, a division of National Underwriter Company and Arc Network. Ray is responsible for helping develop and edit content for subscribers. Ray is a St John’s University graduate with a degree in Risk Management & Insurance and is a CPCU candidate.