Bill > HR341

This resolution urges the Louisiana Department of Insurance (LDI) to conduct a comprehensive study on the Louisiana Fortify Homes Program (LFHP), focusing on improving home resilience against hurricanes and wind damage. The study aims to address Louisiana's critical insurance challenges, including having the least affordable homeowner's insurance among southeastern coastal states and being the second-most vulnerable state to natural disasters. The requested study will explore establishing benchmark insurance discounts for homes meeting Fortified standards (Roof, Silver, and Gold designations), revising the current wind mitigation survey, updating coastal building codes, implementing financial and educational incentives, and increasing public awareness about the program. The resolution highlights that current insurance discounts for Fortified homes lack consistency and recommends looking to Alabama's successful model, which offers discounts ranging from 25-55% based on the home's Fortified level. The LDI is expected to submit a detailed report of its findings and recommendations to the House Committee on Insurance by December 31, 2025, with the ultimate goal of helping homeowners reduce potential storm damage, lower insurance costs, and increase overall home resilience in hurricane-prone areas.

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HR341&sbi=y