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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.

    Learn more about our news partner’s insurance bill the lawyer.

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