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Louisiana Policyholders To Get Insurer Grant Fund Cash

Louisiana homeowners who have paid an insurance premium over the previous 12 months are in line to receive payments from unused grant fund monies designed to entice private carriers to write property

By Phil Gusman | Updated on January 06, 2009

Louisiana homeowners who have paid an insurance premium over the previous 12 months are in line to receive payments from unused grant fund monies designed to entice private carriers to write property insurance in the state, officials said.

The grant program, called the Insure Louisiana Incentive Program, was created in 2007 by the state’s legislature in response to insurance companies’ reluctance to write policies after Hurricanes Katrina and Rita in 2005, according to Louisiana Department of Insurance (LDI) spokesperson Judy Wright.

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