REALITY: A number of states have implemented a variety of proactive programs to address their unique natural catastrophe exposures and assist their citizens. In Congress, proactive bills are pending that direct federal assistance to consumers in the coastal regions.

• Insurer Incentives to Increase Consumer Market Choices

Louisiana’s 2007 legislature approved a measure, supported by Governor Blanco and Commissioner Donelon, which created a multi-million dollar matching grant program to encourage more insurance companies to do business in the state.  

Mississippi and South Carolina enacted bills in 2007 that encourage insurers to write more coverage in coastal areas by providing credits against premium taxes paid to the state.