Louisiana
Letters: Louisiana on wrong path to address insurance crisis
The increased threat of severe weather is driving Louisiana’s insurance crisis. There are no easy solutions, but state regulators should not make the situation worse. Unfortunately, this is precisely what Commissioner Tim Temple did during the 2024 legislative session.
Temple worked to pass legislation that makes it easier for insurers to cancel policies and harder for storm victims to file claims. His package does nothing to lower insurance rates. In fact, it allows insurers to raise rates more frequently.
The centerpiece of Temple’s package repeals Louisiana’s three-year rule, enabling insurers to non-renew tens of thousands of policies, which will result in more policies migrating to Citizens, the insurer of last resort. Louisiana won’t solve an insurance crisis that revolves around a lack of availability by forcing people to insure with “the last resort.”
Another part of Temple’s package allows rate increases to go into effect without prior approval from the Department of Insurance. It also allows more frequent rate changes. This follows Temple’s elimination of the cap on expected profits insurers file with the state. Temple’s push to deregulate the industry will lead to insurers raising rates on Louisiana policyholders more frequently.
Other bills in Temple’s package gut vital consumer protections and weaken laws that hold insurers who act in bad faith accountable. While Commissioner Temple advocated for these bills, he was sitting on the results of an investigation by his department that, according to the newspaper, found that after Hurricane Ida two companies “failed to pay claims on time in nearly a quarter of cases.” Temple kept his promise to the industry to be “a more friendly department,” choosing not to fine them.
Louisiana is facing a climate-fueled insurance crisis. Unfortunately, Commissioner Temple’s approach focuses more on Big Insurance’s profit margins than on providing relief for suffering homeowners and small businesses.
BEN RIGGS
executive director, Real Reform Louisiana
NEW ORLEANS (WGNO) — On Friday, Jan. 10, Louisiana is remembering Billy DiMaio, a victim of the Jan. 1 Bourbon Street attack.
Louisiana Gov. Jeff Landry declared a period of mourning, ordering that all flags over state buildings be flown at half-staff.
On Friday, the state is remembering DiMaio, who was from New Jersey and a New York-based account executive for a radio station company.
At a Sunday news conference, Landry said he is remembered as a star student and a lacrosse player who had “an unwavering work ethic and positive attitude and kindness.”
Louisiana State Superintendent Cade Brumley also asked school systems to consider a moment of silence at 9 a.m. during the period of mourning.
The New Orleans Police Department and the Archdiocese of New Orleans will ring the bells of St. Louis Cathedral every day through Jan. 23, between 12:30 p.m. and 1 p.m. to honor and remember the lives lost and those affected by the terror attack.
Stay up to date with the latest news, weather and sports by downloading the WGNO app on the Apple or Google Play stores and by subscribing to the WGNO newsletter.
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Louisiana
Lower fees coming to homeowner insurance in Louisiana but premiums still high • Louisiana Illuminator
Homeowners in Louisiana will see a small discount on the fees they pay on top of their property insurance premiums this year.
The Louisiana Citizens Property Insurance Corp. Board of Directors voted Thursday to bring an early end to a 1.36% assessment added to all residential and commercial property insurance policies in the state. Louisiana Citizens is the state-run insurer of last resort for homeowners in environmentally risky areas who cannot find coverage on the private market.
The assessment, which goes toward paying off bonds for debt that Louisiana Citizens incurred from paying claims from hurricanes Katrina and Rita, was originally set to expire in June 2026 but will now end this April.
Gov. Landry signs Temple-backed insurance package
Additionally, those insured through Louisiana Citizens will no longer have to pay a 10% surcharge when they begin a new policy or renew their existing policy this year. The waiver, part of newly enacted legislation, took effect on Jan. 1 and will last for the next three years.
Both changes are part of Insurance Commissioner Tim Temple’s efforts to tame skyrocketing insurance rates in Louisiana.
“When Commissioner Temple took office and became chair of the Citizens Board of Directors, he encouraged our staff to find innovative ways for Louisiana Citizens to operate more efficiently and find savings for policyholders,” Louisiana Citizens CEO Richard Newberry said in a press release. “Our team identified this opportunity and brought it to the board for approval at today’s meeting.”
Although most policyholders will see relatively small savings from the changes, Temple said every little bit helps.
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Louisiana
Centenary College of Louisiana kicked off its year-long bicentennial celebration Wednesday
On a bright and chilly winter day, Centenary College of Louisiana kicked off its bicentennial year with a birthday celebration including a proclamation from the City of Shreveport and music by Centenary choir.
It was a grand start to the bicentennial year. Centenary College of Louisiana president, Dr. Christopher L. Holoman said, “we are really excited to be looking back at 200 years, an amazing history. We are so proud of that, but we are even prouder of what we are going to be in the future.”
Centenary College of Louisiana is a national liberal arts college in the heart of Shreveport. This college is deemed the oldest chartered liberal arts college west of the Mississippi River, founded in 1825.
Holoman said, “200 years is an amazing length of time…Centenary is older than time zones. Centenary is older than golden doodles.”
City of Shreveport mayor, Tom Arceneaux read the citywide proclamation and said, “I am thrilled to be here for more than one reason. One, I’m really glad that Centenary is 200 years old. And two I’m glad to be here 12 days after hip replacement surgery.”
Wednesday’s birthday party is just the start of year-long celebration of special events and gatherings. These events include:
- special exhibit at the College’s Meadows Museum of Art
- festive neighborhood party during the Krewe of Highland Mardi Gras parade
- alumni trip to Centenary’s original campus in Jackson, Louisiana
- campus art stroll showcasing the talents of the Centenary community
The bicentennial commemoration will conclude with a gala event, Spotlight Centenary, in December 2025.
To keep up with all the bicentennial year events visit centenary200.com.
Makenzie Boucher is a reporter with the Shreveport Times. Contact her at mboucher@gannett.com.
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