Louisiana relaxes rules to lure back insurers as damages rise
Lawmakers voted to repeal a Hurricane Katrina-era law that locked insurance companies into policies after three years.
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Lawmakers voted to repeal a Hurricane Katrina-era law that locked insurance companies into policies after three years.
Property insurers in storm-swept Louisiana could soon gain much more flexibility over policy cancellations if the governor signs House Bill 611 into law,
Louisiana Insurance Commissioner Tim Temple has expressed gratitude to the state Legislature for passing a package of insurance reform bills he said would make the state’s insurance market more stable and competitive.
In a decisive move, the Louisiana Legislature repealed a longstanding law. The decision aims to introduce more competition in the insurance market
Plan to deal with issues moving forward, insurance commissioner says