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A top Republican state legislator says he's not sold on the idea of an incentive fund to attract more insurers to Louisiana.
Eight insurers in the state failed after the hurricane seasons of 2020 and 2021. Many insurers still in Louisiana aren't writing new policies.
State Insurance Commissioner Jim Donelon is urging legislators to consider the $45 million incentive fund in next week's special session.
House Speaker Pro Tem Tanner Magee of Houma says too many questions about the fund still need answers.
Rep. Bryan Fontenot of Thibodaux also said he's afraid insurance companies will take the money and run.
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