Louisiana wants carriers' loss ratios, nonrenewals and rate data out in the open – published every year for anyone to see.
House Concurrent Resolution No. 118, sponsored by Representative Chasity Martinez, urges the Louisiana Department of Insurance to compile and publish annual data on the state's homeowners' and private passenger automobile insurance markets. The measure cleared the House on May 31, 2026 by a 96-0 vote and won Senate concurrence 35-0 on June 1, 2026, before being enrolled and signed by the Speaker the same day. The focus: affordability, availability, transparency, and accountability across both lines.
The context is a market that has been under pressure. The resolution says Louisiana has faced a crisis in affordability and availability in these lines for several years, with many families hit by big premium increases, nonrenewals, and difficulty finding coverage. Seniors, working families, small business owners, and people on fixed incomes have all felt the strain, it says.
There is some good news in the text. The resolution says Louisiana has begun to see homeowners' and auto insurers filing for rate decreases, while cautioning that reforms take time to reach premiums. Still, it says many policyholders remain frustrated by denied claims, slow claims processing, rising deductibles, and murky explanations of how rates are set.
The resolution builds on reforms already underway. It cites Act No. 428 of the 2025 Regular Session, which from January 1, 2027 will require insurers to hand homeowners' and auto customers a rate transparency report at issuance and renewal. It also points to Bulletin 2026-05, a model rate transparency report the department issued for insurers to adopt before Act No. 428 kicks in. But those reports explain individual rates - not the market as a whole.
That is the gap the annual report is meant to close. The resolution says the data may include claim counts and how claims were resolved, average premium rate changes, regional and national comparisons, market concentration and share, insurers entering and leaving the state, policies written and nonrenewed, policies placed into Louisiana Citizens Property Insurance Corporation, and pure loss ratio, expense ratio, and combined loss ratio data.
For carriers, that final item matters most. Loss and expense ratios show how a book performs, and the resolution contemplates publishing them where the public can see them.
The department is asked to deliver a written report to the House and Senate insurance committees and the David R. Poynter Legislative Research Library by February 1, 2027, with a copy to the commissioner. The resolution names Commissioner of Insurance Tim Temple as a supporter of reforms aimed at making coverage more available, affordable, and accountable.
A caveat worth holding onto: a concurrent resolution urges and requests. It signals legislative intent. It does not, on its own, carry the force of a statute.
