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{"id":11744,"date":"2023-02-01T07:21:33","date_gmt":"2023-02-01T07:21:33","guid":{"rendered":"https:\/\/teachbytes.com\/?p=11744"},"modified":"2023-02-01T07:21:33","modified_gmt":"2023-02-01T07:21:33","slug":"we-got-to-do-something-insurance-incentive-fund-clears-first-hurdles-of-skepticism","status":"publish","type":"post","link":"https:\/\/teachbytes.com\/we-got-to-do-something-insurance-incentive-fund-clears-first-hurdles-of-skepticism\/","title":{"rendered":"‘We got to do something’: Insurance incentive fund clears first hurdles of skepticism"},"content":{"rendered":"

\"'We
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BATON ROUGE, La. (BRPROUD) – Louisiana\u2019s lawmakers are pushing for answers on how to best help homeowners with rising insurance rates on the second day of the special legislative session.<\/p>\n

Lawmakers are tasked with moving $45 million into the Insure Louisiana Incentive Fund that will be used to award grants to insurance companies to come to the state or expand their books.<\/p>\n

The incentive fund passed the first hurdles of the special session Tuesday after House Appropriations members spent hours working to understand how the program is going to help the policyholders.<\/p>\n

With 125,000 people on the insurer of last resort, Louisiana Citizens<\/a>, Insurance Commissioner Jim Donelon believes bringing more companies to the state is critical to bring down the costs.<\/p>\n

\u201cI truly believe that if we do not do this that thousands of homeowners, below I-10\/I-12 frankly, are going to lose their homes,\u201d Donelon said.<\/p>\n

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