Louisiana Department of Insurance Archives

New Insurance Law in Louisiana Sparks Debate – Winners and Losers Revealed

January 2, 2025January 1, 2025 Marc

Major Insurance Law Reforms in Louisiana

Louisiana Implements Major Insurance Law Reforms for 2025 Louisiana is undergoing significant changes in its insurance landscape with the introduction of a new law that took effect on January 1, 2025. The legislation, signed by Governor Jeff Landry, repeals the unique “three-year rule,” which had long posed challenges for insurance companies operating in the state. This reform aims to make Louisiana a more competitive environment for insurers while sparking concerns among homeowners about protections. Repeal of the Three-Year Rule The three-year rule previously prevented insurance companies from canceling or non-renewing…

Louisiana recovers funds from homeowners insurance providers, as well as others

January 27, 2016January 26, 2016 S.Vagus

State agency recovers $5.1 million in insurance claims throughout 2015, resolving consumer complaints The Louisiana Department of Insurance has announced that it has recovered some $5.1 million in insurance claims in 2015. Insurance Commissioner Jim Donelon notes that state regulators have been working with representatives from several insurance companies to resolve complaints associated with a wide range of coverage. The majority of the funds recovered by state regulators have been recovered from the property/casualty sector, as well as the health insurance sector. According to the Department of Insurance, more than…

Auto insurance fines spark controversy in Louisiana

October 28, 2015October 26, 2015 Marc

Louisiana Office of Motor Vehicles aims to collect on fines that are decades old Louisiana Insurance Commissioner Jim Donelon is taking aim at the state’s Office of Motor Vehicles. Last week, the agency issued notifications to consumers throughout the state, seeking to recoup millions of dollars in fines for auto insurance lapses. A significant portion of these fines are quite old, with some coming from violations dating back as far as 1986. Notices issued to consumers caused an outcry, which got the attention of the Louisiana Department of Insurance. State…

Health insurance rates going up in Louisiana

July 28, 2014July 26, 2014 Logan B.

Policies purchased through state’s exchange will have higher premiums beginning in 2015 Those that have purchased health insurance coverage through the Louisiana exchange could see their rates increase in the coming year. The state’s Department of Insurance has announced that approximately 60,000 people that have purchased coverage through the exchange will see rate increases in the double-digits in 2015. This expectation of higher rates comes after receiving proposals from insurance companies. Many insurers are looking to raise the rates for the coverage that they provide in order to better position…

Louisiana workers compensation to lower its rates

December 31, 2013December 31, 2013 G. Turner

Insurance Commissioner Jim Donelon - Insurance News

This form of insurance is set to decrease by 5 percent within 2014, which will certainly be welcome. Jim Donelon, the state commissioner has now announced that Louisiana workers compensation rates will be decreasing as of May 1, 2014, by an average of 5.1 percent. The decrease was approved by the commissioner following a recommendation by the NCCI. He gave the nod to the reduced Louisiana workers compensation rates after the National Council on Compensation Insurance made its recommendation for a 5 percent reduction as a result of notably improved…