BONDS: Provides for a study of the feasibility of establishing a Catastrophe Reinsurance Program which includes the issuance of catastrophe bonds to provide an alternative method for insurance companies to secure reinsurance to cover property damage and casualty losses

This bill (HSR 1) is a study request, not a law. It directs Louisiana's House Ways and Means and Insurance committees to jointly study whether creating a Catastrophe Reinsurance Program - using "catastrophe bonds" to let insurance companies transfer hurricane and natural disaster risk to investors - is feasible. The study aims to address rising insurance costs for homeowners by potentially stabilizing rates through this alternative reinsurance method. The committees must report findings to the legislature by January 31, 2026.