BATON ROUGE The House on Wednesday approved bills to spend up to $45 million to
encourage insurance companies to return to the state and to prevent firms that went bankrupt or
were declared insolvent from using the money.
The House Appropriations Committee approved the two bills Tuesday before sending them to
the House, where representatives questioned state Insurance Commissioner Jim Donelon about
the details of the program.
The funds would be used to reduce the financial risk for insurance companies that resumed
writing home and other property insurance pol…
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