by Adam Daigle | Acadiana business editor Good morning, Acadiana business news readers. Let's get down to the business news of the day. Nine insurers have applied for a total of $62 million in grants from a revived program that will allow insurance companies who agree to write business in Louisiana to receive direct subsidies from the state, Insurance Commissioner Jim Donelon said Tuesday. It’s unclear how many of the companies will be approved, but the degree of interest exceeds the $45 million provided by the Legislature during the special session. “The round one application period was more (successful) than I hoped for,” Donelon said. He later added: “If all goes well, they should be able to begin writing new policies as soon as next month.” You can read the full story here. Have a great day. |