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Amended property insurance reform criticized by Louisiana business groups

With the Louisiana legislative session set to end Thursday, a bill aimed at clarifying the obligations of parties involved in property insurance claims was sidelined this week after “detrimental” amendments were added by state senators.

United statesLauren haddenMike huvalJeff albrightBret allainr franklinLouisiana supreme courtLouisiana association of businessR breaux bridgeBret allainLouisiana associationIndependent insurance agentsReal reform louisianaLouisiana recordLouisiana association of business and industry

HB 601 in the spotlight this legislative session

Many agree reform is needed as far as property insurance in Louisiana. But what reforms are needed depend on whether you are a policy holder or an insurance company.

United statesBaton rougeLake charlesKathi vidrineMark abrahamBret allainLauren haddenJeremy stineKirk talbotBen riggsMike huvalLouisiana association of businessLouisiana senateSenate insuranceSenate floorState senate monday

Coastal News Today | LA - Editorial: Louisiana needs a competitive insurance market, but not at the expense of consumer protection

Outgoing Insurance Commissioner Jim Donelon is an unabashed fan of competitive markets. Following Hurricanes Katrina and Rita in 2005, and again after Laura and Ida in 2020 and 2021, he aimed to keep homeowners insurance available and affordable by luring more companies to Louisiana.

United statesMike huvalFrancis thompsonSenate insurance committeeHouse insurance committeeHouse thursdayHouse billR breaux bridgeInsurance commissionerState farm

Editorial: Louisiana needs a competitive insurance market, but not at the expense of consumer protection

Editorial: Louisiana needs a competitive insurance market, but not at the expense of consumer protection
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New orleansUnited statesFrancis thompsonMichael hechtJim donelonMike huvalHouse insurance committeeGno incSenate insurance committeeNew orleans advocateHurricanes katrinaHouse thursdayHouse billInsurance committeeInsurance commissioner

Louisiana House approves bill that would allow insurers to hike rates without prior approval

Supporters of the legislation think it will help attract new insurers to the market but opponents say there are no guarantees.

United statesBaton rougeNew yorkMichael barryMike huvalMandie landryd new orleansJim donelonInsurance information instituteNational association of insurance commissionersR breaux bridgeMandie landryD new orleansNational associationInsurance commissionersSabrina wilson