BATON ROUGE, La. (KALB) – Louisiana has a slew of new laws that aim to reduce property and auto insurance premiums across the state.
One new law provides a $10,000 state income tax credit to homeowners who use their personal funds to install a certified fortified roof.
Another new law gives the insurance commissioner more authority to reject excessive rate increases; however, Commissioner Tim Temple said he already has this authority.
Governor Jeff Landry also signed a bill that requires insurance companies to notify the state’s Department of Insurance if they plan to stop writing new policies or expand their coverage in specific areas.
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Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.