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The Advocate
Wednesday, March 15th, 2023
 
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Nine insurers seek $62 million in incentive cash to revive Louisiana marketplace

by Adam Daigle | Acadiana business editor​ ​ ​

Good morning, Acadiana business news readers. Let's get down to the business news of the day.

Nine insurers have applied for a total of $62 million in grants from a revived program that will allow insurance companies who agree to write business in Louisiana to receive direct subsidies from the state, Insurance Commissioner Jim Donelon said Tuesday. 

It’s unclear how many of the companies will be approved, but the degree of interest exceeds the $45 million provided by the Legislature during the special session.

“The round one application period was more (successful) than I hoped for,” Donelon said. He later added: “If all goes well, they should be able to begin writing new policies as soon as next month.”

You can read the full story here. 

Have a great day.

 
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Neustrom portraits depicting Acadian families part of Acadian Memorial Heritage Festival

Some of the original Acadian settlers are represented in portraits of their descendants that will be on display as part of the 16th Acadian Memorial Heritage Festival in St. Martinville this weekend. Read more

Q&A with 20 Under 40 honoree Victoria Lane Alleman: 'Our community is at a crossroads'

Editor's note: In partnership with The Acadiana Advocate, the705 is recognizing its annual Top 20 Under 40 Acadiana Leadership Award honorees, presented by Advancial Federal Credit Union. Honorees will be recognized at a March 24 banquet. For tickets, visit bit.ly/Aca20under40.  Read more

Q&A with 20 Under 40 honoree Katrena King: 'I’m here because I feel the potential'

Editor's note: In partnership with The Acadiana Advocate, the705 is recognizing its annual Top 20 Under 40 Acadiana Leadership Award honorees, presented by Advancial Federal Credit Union. Honorees will be recognized at a March 24 banquet. For tickets, visit bit.ly/Aca20under40.  Read more

 
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