Q&A: Louisiana Commissioner Jim Donelon on Special Session to Address Insurance Crisis

In the aftermath of Hurricane Katrina, Louisiana lawmakers created a $29 million incentive fund to lure property insurance companies to write business in the state. Fifteen years later, the Louisiana property insurance market is again in a state of crisis. A series of severe hurricanes in 2020 and 2021 led to catastrophic losses, forcing eight insurers to go…