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Department of Insurance budget briefing focuses on Fortify Homes grants and Insure Louisiana incentives
Summary
Senate Fiscal Committee heard the Department of Insurance FY26 budget presentation, which highlighted the Louisiana Fortified Homes program, the Insure Louisiana incentive grants enacted in 2023 and the department’s mostly self-generated funding model.
Senate staff presented the Department of Insurance FY26 recommended budget and Commissioner’s office staff described recent program activity, including the Fortify Homes grant program and earlier Insure Louisiana incentive appropriations.
Presenters said the department’s FY26 budget is largely supported by fees and self-generated revenues (about 72% of means of finance) and statutory dedications (about 26%); federal funding is a small share (about 2%). The department’s FY26 recommended categorical expenditures allocate the largest share to personal services (48%) and the second-largest share to other charges (30%), with $15 million in the other‑charges line for Fortify Homes-related grants in the FY26 recommendation.
Senators asked about the department’s role in administering incentive programs and about the FY25/FY26 change in statutory dedications. Presenters traced the FY24–FY26 material shifts to earlier legislative appropriations for Insure Louisiana (Act 1 of the 2023 first extraordinary session) and subsequent one-time and ongoing Fortify Homes funding; FY25 included additional dedicated funding for Fortify Homes projects. The department also described successful audits and continuing consumer-protection work.
Committee members requested more detail on Fortify Homes award criteria, the size and targeting of grants, and monitoring/backfill plans for any unspent prior-year appropriations that affect the FY26 baseline.
