A key FEMA disaster fund and state insurance programs could run out of money to finance disaster recovery and pay claims, respectively, as hurricane and wildfire seasons begin
The Louisiana Department of Insurance (LDI) announced Monday that the second 30-day application period for insurance companies to apply for Insure Louisiana Incentive Program funding is open through May 25.
"What are our options? You either pick these banks or you don't. If you don't, business shuts down. We stop building infrastructure," said state Treasurer John Schroder, the bond commission chair.
Louisiana attracts 9 property insurers with incentive program insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.