Louisiana special-session plan a ‘short-term stopgap’: AM Best

January 30, 2023

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AM Best has said Louisiana’s proposals to incentivise insurers to write business in the state will potentially add 8%-10% capacity to the market but will still be a “short-term, stopgap solution”.

Louisiana legislators are due to meet in a special session today. They will debate a request to take $45mn from the state’s surplus to fund the Insure Louisiana Incentive Fund.

The

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Louisiana special-session plan a ‘short-term stopgap’: AM Best

AM Best has said Louisiana’s proposals to incentivise insurers to write business in the state will potentially add 8%-10% capacity to the market but will still be a “short-term, stopgap solution”.

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