Louisiana wants $50 million for fortified roofs. Here’s how it could help insurance rates.
State lawmakers appear poised to pass a bill that would add significantly more money to the grant program that gives
In all, the program would have enough money for 8,000 new fortified roofs this year, nearly double the number completed so far through the grant. To date, the
The plan would provide a long-sought boost to a strategy that leaders hope will pull the state out of a yearslong crisis that has pushed homeowners to the brink and threatened their ability to afford their homes. With climate change making hurricane risk worse, stronger roofs have proved to be an antidote by lowering the risk of storm winds tearing off a roof, making it less likely insurers will have to pay out claims. As a result, most companies are offering significant premium discounts to homeowners with fortified roofs.
The bill, by Rep.
Sawyer said the move will transfer funds from prior natural disasters to help solve the “financial disaster” of skyrocketing homeowners' insurance rates.
“Being able to take something from the Katrina experience and apply it to the real world, present-day insurance crisis that is affecting all of
The funding should help ease a glaring mismatch between supply and demand: Only about 20% of people who registered for lotteries to get the grants so far have won them, according to state data.
“We can effectively double what we have now,” said Insurance Commissioner
Still, nonprofit leaders who help low-income homeowners put new roofs on their homes say the program will need to adapt, especially given that homeowners are expected to pay any expenses over
“I want them to spend more money,” said
Those who have gone through with the grant program so far are “low-hanging fruit,” who can afford to participate, Stoudt said. Increasingly, the people still clamoring for a new roof will need more assistance, like gap funding to cover the costs above
Still, fortified roofs are easing the insurance crisis, Stoudt said. And demand remains: His waitlist of clients seeking services has grown to more than 1,000, with half saying they want roofs.
“If you’re going to truly redeploy
After hurricanes Katrina and Rita in 2005, Citizens faced a glaring problem. It couldn’t afford to pay all its claims.
Created by the Legislature in 2003 as an insurer of last resort, Citizens’ nonprofit board decided to issue bonds worth nearly
To pay off the bonds in the ensuing two decades, Citizens levied a surcharge on
Last year, Citizens decided to stop levying the fee because it had raised enough money. But it took up to a year for insurers to catch up and stop charging it on homeowners’ bills. The lag led to the fee raising
If Citizens tried to return the money to policyholders, each would get
Still,
“This is not an intended solution to put fortified roofs on every house,” Taylor said. “This is an education program.”
A study commissioned by the
“There are more and more insurance companies that are writing policies down on our coastline because of fortified (roofs),” Taylor said. “That’s because of the risk they’re not having to take, and the proof that fortified works.”
Oversubscribed
Despite the tens of millions of dollars
The program is oversubscribed, with far more people signing up for lotteries than winning grants. And when people do win grants, about 40% of them drop out, many because they can’t afford out-of-pocket costs.
Some officials have tried to offer additional support.
In
Under the pilot, homeowners in
The result,
“We thought the easiest way to start making a difference was to piggyback on the state’s program,” she said.
Van Vrancken’s office is finishing the last four grants and then will finalize the data, with hopes of securing a more permanent funding source to continue the program. And Temple has encouraged other parishes to follow Jefferson’s lead.
Ford said the state agency is also discussing changes to the program, but is not pushing to increase the grant amount above
“While the dropout rate is higher than we’d like, there is a high level of interest in the program, and many people are waiting for the opportunity to receive a grant,” he said. “Increasing the grant amount might help lower the dropout rate, but it would also reduce the total number of fortified roofs we can put on.”
Stoudt, of Rebuilding Together New Orleans, said the state should consider other tweaks. If lower-income homeowners got enough funds directly from the grant to cover the full cost of the roof, it would improve the program’s effectiveness, he said.
One of his clients won a grant and got 20 quotes from contractors, searching for a bid she could afford, Stoudt said, but ultimately dropped out.
“More people are being fortified, which is great,” he said. “But inherently it will become more and more difficult to fortify roofs over time because the easiest ones get done first.”
© 2026 The Advocate, Baton Rouge, La.. Visit www.theadvocate.com. Distributed by Tribune Content Agency, LLC.


Federal Reserve Proposes Limited Master Accounts For Crypto Firms
74,085 Shares in Prudential Financial, Inc. $PRU Acquired by Jefferies Financial Group Inc.
Advisor News
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
- The American Dream: Redefined as financial stability
- Partial annuitization: How advisors can help clients balance income, growth
More Advisor NewsAnnuity News
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
- Partial annuitization: How advisors can help clients balance income, growth
More Annuity NewsHealth/Employee Benefits News
- Copay assistance is meant to defray patient drug costs. Some insurers keep it instead
- Amid claims of 'playing politics,' Auburn council amends city manager's contract
- OCWNY to hold seminar for disability beneficiaries Friday
- Atrium pushes back after State Health Plan leaves healthcare network out of Tier 1
- Douglas Veterans Claims Clinic Connects Rural Veterans With Critical Services
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
- Trust, technology and the future of claims
- New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
- AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News