State Lawmaker Skeptical Of Incentive Fund To Attract Insurers To Louisiana

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A state legislator from Thibodaux 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, and 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 an upcoming special session.

Rep. Bryan Fontenot says he's afraid insurance companies will take the money and run.

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