Louisiana lawmakers are asking whether the big insurance fixes they passed earlier this year are actually making a difference. With premiums still sky-high and insurance carriers slow to return to the market, they’ve called for a thorough check-up on the state’s insurance health.
In a resolution passed during the 2025 legislative session, officials requested the Department of Insurance to run a two-year study, tracking whether the reforms have made Louisiana more competitive and less costly for both insurers and policyholders. The idea is simple: more competition, fewer lawsuits, and a more predictable legal landscape could make it easier for insurance companies to do business here—and make it cheaper for residents to stay insured.
The resolution, known as Senate Concurrent Resolution No. 60, reflects years of frustration with high costs and limited coverage, particularly in homeowners’ and auto insurance. Lawmakers pointed to what they see as a history of excessive litigation that’s driven up claim expenses and forced insurers to raise rates or leave the state altogether. By curbing those legal pressures, they hope to see lower costs for carriers and, eventually, for consumers.
To find out whether that’s happening, the study will track dozens of indicators from July 1, 2024, to November 1, 2026. The Department will look at how many insurance companies are trying to enter the market, how many succeed or are denied, and how many are actively writing policies. They’ll also tally up how often companies ask to raise or lower rates, and how many complaints come in from consumers.
The resolution also calls for a deeper dive into national rankings that measure how friendly a state’s legal and regulatory environment is for insurers. Officials are hoping to see Louisiana climb in those standings. The Department will be using data from big industry sources like ISO Verisk and S&P Global to follow monthly changes in average premiums, claims handling, and whether insurers are pulling products or expanding offerings.
But this isn’t just about numbers. The Department has also been asked to write up a narrative that connects the dots—what’s working, what’s not, and which of the 2025 reforms have had the most impact. If some data isn’t available, the agency is allowed to fill in the gaps with other relevant information to ensure a complete picture.
The final report is due by the end of 2026 and will be presented at a joint meeting of the state’s Senate and House insurance committees. Lawmakers want the Department to include policy suggestions too, in case more fine-tuning is needed to keep the market on a better path.
For a state that’s been hit hard by storm damage, carrier exits, and rate hikes, the hope is that this effort can finally bring some long-term stability. Whether it does, well, that’s what they’re trying to find out.