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Louisiana’s governor asks LWCC to fund roof grants using surplus to combat rising insurance costs.
Louisiana Governor Jeff Landry has asked the state-created LWCC insurer to use its financial reserves to help fund fortified roofs for homeowners, aiming to ease the ongoing homeowners insurance crisis.
In a letter dated February 25, 2026, Landry highlighted LWCC’s strong financial position—$1.6 billion in assets and a $901 million surplus—and urged it to support the state’s $30 million annual roof grant program, which helps reduce insurance premiums.
The request, which lacks specific funding details, raises questions about legal authority, as LWCC’s role in residential insurance is unclear and may require legislative approval.
Despite efforts like tax credits and a lottery-based grant system, only about 20% of applicants receive aid.
The push reflects a shift in Landry’s approach, as he previously avoided direct involvement but now supports measures to address rising premiums driven by climate risks and reinsurance costs.
El gobernador de Luisiana le pide a LWCC que financie las subvenciones para el techo usando el excedente para combatir el aumento de los costos de seguros.