NPR.

Property insurance is one of those things that most people do not want to think about

unless they really have to.

But Jim Donlin is not most people.

Years ago after serving as a Louisiana legislator, he went to work for the state's Department of

Insurance.

And the more policy makers like legislators and elected officials learn about insurance,

the less they want to deal with it.

But it's necessary.

It's incredibly important.

For obvious reasons, right?

When disaster strikes, insurance is there to hopefully help people financially rebuild

their homes and their lives.

But what happens when the insurers decide they can't do that anymore?

That is what happened a couple of years ago when Hurricane Laura, Delta, and Ida hit the

state.

Events that led to a true crisis in our insurance market.

When Laura hit the market here, dried up and the herd ran out.

Well, with $24 billion in insurance claims during that period, some insurers did go broke.

And others decided they had to leave the state or stop writing new policies.

But that led to insurance becoming an accessible or unaffordable for a lot of people who needed

it.

...