This follows Temple's elimination from the cap on anticipated revenue insurers file While using the point out. Temple’s force to deregulate the industry will produce insurers boosting premiums on Louisiana policyholders much more often.
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The elevated risk of extreme climate is driving Louisiana's insurance crisis. There are no effortless solutions, but point out regulators mustn't make the problem worse. Regrettably, This is often specifically what Commissioner Tim Temple did over the 2024 legislative session.And so they’ll need to know about almost every other measures you employ to shield in opposition to unauthorized obtain. They can also talk to you to explain if and how you carry out frequent protection audits and assessments To guage the toughness of your community stability controls.
Yet another part of Temple's deal makes it possible for rate raises to go into influence without having prior approval within the Department of Insurance. It also enables more frequent level modifications.
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