| By DREW BROACH | Deputy metro editor |
INSURANCE CRISIS: Louisiana Insurance Commissioner Jim Donelon says he might seek a special session of the Legislature if two of its committees do not approve his plans this week to relaunch a multimillion-dollar incentive program. Donelon’s comments come amid a spiraling crisis in Louisiana’s property insurance market, which has seen at least 23 insurers pull up stakes or fail altogether since 2020’s Hurricane Laura. To right the ship, Donelon wants to give grants to insurance companies to write property insurance in the state. REPURPOSED PARKING: Two parking lots popular with insiders walking into the French Quarter might be converted into a mixed-use, multi-level building with a parking garage, ground-floor retail tenants, a music venue, apartments and community resources. ROCKY ROAD HOME: Rebuilding a house in a poor neighborhood can cost a lot more than the house is worth on paper. So after Hurricane Katrina, when the U.S. government decided that house values would factor into rebuilding grants, it left many Louisiana homeowners short. Why the federal government required that has long been a mystery – until now: In Congress and the White House, leaders were worried about federal spending and how Louisiana corruption would come into play. Thanks for starting your Wednesday with Morning Headlines. Catch the latest news all day on NOLA.com. D.B. | 