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    Home»Insurance»The Insurance Assistance Bill clears the first hurdle; key vote Wednesday | News
    Insurance

    The Insurance Assistance Bill clears the first hurdle; key vote Wednesday | News

    January 31, 20231 Min Read
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    BATON ROUGE, La. — After more than three hours of discussion, a bill that would offer insurance companies $45 million to underwrite property insurance policies in hurricane-devastated Louisiana cleared its first hurdle on Tuesday. .

    The legislation, House Bill 1, was approved by the House Appropriations Committee without a dissenting vote.

    The full House is expected to vote on the plan on Wednesday in a key test of the success of the special session.

    House Appropriations Committee Chairman Jerome “Zee” Zeringue, R-Houma, the bill’s sponsor, said after the meeting that he wasn’t sure if the proposal would get at least the 53 votes needed for approval. from the room.

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