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State representative outlines insurance changes, fortified-roof lottery and new tax credits
Summary
A state representative briefed the Harahan City Council on insurance changes passed during the recent legislative session, including a fortified-roof lottery, an expanded mitigation deduction, and a $10,000 tax-credit program to reduce homeowner premiums.
A state representative updated the Harahan City Council on legislation passed this year aimed at lowering insurance costs and increasing home storm-mitigation incentives.
The representative said the Legislature passed measures to address high auto-insurance rates and several changes for property insurance. He described a fortified-roof lottery that will again award $10,000 grants to selected homeowners to upgrade to fortified roofs and said the program will receive roughly $30 million this year — up from about $20 million — because the Legislature raised fees on insurance companies to fund it instead of using general…
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