Louisiana lawmakers are asking if the large insurance solution they passed earlier this year really makes a difference. With premiums still high and insurance companies are slow to recover from the market, they call for a thorough inspection of insurance health in the state.
In a resolution adopted during the 2025 legislative session, officials asked the Insurance Department to conduct a two-year study to track whether the reforms make Louisiana more competitive and for insurers and policyholders, the reforms are more competitive and cost-effective. The idea is simple: more competition, less litigation, and a more predictable legal landscape can make it easier for insurers to do business here and make residents cheaper.
The resolution, known as Senate Concurrency Resolution 60, reflects years of frustration, high expenses and limited coverage, especially in homeowners and auto insurance. Legislators pointed out that they believe it is a history of over-litigation that has driven claims fees and forced insurers to raise interest rates or leave the state altogether. By curbing these legal pressures, they want to see lower costs for operators and ultimately for consumers.
To find out if it is happening, the study will track dozens of indicators from July 1, 2024 to November 1, 2026. The department will look at how many insurers are trying to enter the market, how many are successful or rejected, and how many are actively writing policies. They will also measure how often companies require raising or lowering interest rates, as well as complaints from consumers.
The resolution also calls for a deeper understanding of national rankings to measure the level of insurer-friendliness of the national legal and regulatory environment. Officials want to see Louisiana climb on these standings. The department will use data from large industry sources such as ISO Verisk and S&P Global to follow average premiums, claim processing and whether insurers are extracting products or expanding monthly changes in products.
But it’s more than just numbers. The department was also asked to write a narrative that was linked to the dots – what worked, what was not, and which of the reforms in 2025 had the biggest impact. If there is no data, the agency is allowed to use other relevant information to fill in the gaps to ensure a complete picture.
The final report will expire at the end of 2026 and will be presented at a joint meeting of the state’s Senate and the Housing Insurance Committee. Legislators also hope the department also includes policy recommendations in case more fine-tuning is needed to keep the market on the road better.
For states that have been hit hard by storm damage, carrier exports and interest rate hikes, it is hoped that such efforts can ultimately lead to some long-term stability. Whether doing so, that’s what they’re trying to find out.
