Business groups and Louisiana’s insurance commissioner are supporting multiple measures under consideration in the state Legislature aimed at curbing excessive regulations and improving Louisiana’s civil litigation climate.
“Insurers and reinsurers have repeatedly told me they have three major concerns in Louisiana: catastrophe exposure, overregulation and a poor legal environment,” Commissioner Tim Temple said in a recent statement. “I’m doing everything I can to address their first concern through my support for the Louisiana Fortify Homes Program and other resiliency efforts, and the industry is taking notice.” Read more...