Louisiana Insurance Commissioner Tim Temple says there are signs that the state’s property insurance market is improving. In the 2024 legislative session, lawmakers approved several property insurance reforms and Temple says since that time, the Department of Insurance has licensed ten new homeowners’ insurers. Temple believes more competition will help bring down rates. He says in the first two months of 2025, the state has approved seven rate decreases from residential insurers, all between four and 11 percent. He says that is more than the state approved for the calendar years of 2024, 2023 and 2022 combined. Temple says the reforms approved last year are also working faster than what Florida did…
Cut 11 (08) “…seeing the impact”
This year lawmakers are expected to look at auto insurance reform, in particular trying to lower rates for commercial auto insurance.
Lieutenant Governor Billy Nungesser will pardon a crawfish today. This is the ninth year he has taken part in the ritual as part of an unofficial kickoff to crawfish season in Louisiana.
Cut 4 (12) “…here in Louisiana.”
The pardon will take place at Pat’s Fisherman’s Wharf Restaurant in Henderson and the lucky crawfish that will be spared has been named Pat Huval, the former mayor Henderson who died in 2018.
New Orleans native Quannas White, the current associate head coach at the University of Houston, has been named the new head coach of the U-L Lafayette men’s basketball team