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Department of Insurance outlines Fortified Homes spending, expands anti-fraud staff amid mixed premium trends
Summary
At the appropriations hearing the Department of Insurance presented a $56.8 million FY26 recommendation, detailed a $19.7 million statutory-dedication realignment for the Fortified Homes Fund, increased fraud funding and staff, and reported roughly $21.9 million paid so far and about $23 million remaining in the Fortified Homes program.
The Department of Insurance told the House Appropriations Committee it is seeking a $56.8 million FY26 appropriation while continuing work on market regulation, fraud prevention, and the Louisiana Fortified Homes program.
House Fiscal presented the budget overview: the department's FY26 recommendation is about $56.8 million, with fees and self-generated revenue (insurer assessments, licenses and fees) expected to cover roughly 72 percent of the total. Statutory dedications include the Fortified Homes Fund; House Fiscal noted a $19.7 million decrease in other charges to align authority with the Fortified Homes Fund's projected balance and expected expenditures.
Commissioner (unnamed in the…
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