08/08/2026
๐๐ป๐ฐ๐ผ๐๐ฟ๐ฎ๐ด๐ถ๐ป๐ด ๐๐ถ๐ด๐ป๐ ๐ถ๐ป ๐๐ผ๐๐ถ๐๐ถ๐ฎ๐ป๐ฎ'๐ ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐
This morning, the editorial in The Advocate (Baton Rouge, LA) highlights welcome progress in our state's insurance climate with this quote, โLet us cautiously cheer signs that the drastic, cascading property insurance crisis of the past few years may be easing.โ
๐๐ ๐๐ต๐ฒ ๐ป๐๐บ๐ฏ๐ฒ๐ฟ๐:
โ๏ธ Premium increases have flattened significantly in 2026, following years of steep rises.
โ๏ธ Only a few insurers are proposing rate increases this year, and a handful have filed for decreases.
โ๏ธ As of June, the Citizens, the state-backed insurer of last resort, has seen a nearly 20% drop in its rolls as private carriers return and compete for business.
๐ช๐ต๐ฎ๐ ๐๐ต๐ถ๐ ๐บ๐ฒ๐ฎ๐ป๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐: Better insurance affordability and availability are helping drive a stronger local housing market.
๐๐ป๐ฑ ๐๐ต๐ฒ๐ฟ๐ฒโ๐ ๐บ๐ผ๐ฟ๐ฒ: Legislative reforms, fortified roof building standards and increased market competition are helping steer us in the right direction.
๐ ๐๐ผ๐ฟ๐ฑ ๐ผ๐ณ ๐ฐ๐ฎ๐๐๐ถ๐ผ๐ป: โOverall, itโs a little bit better. We can say things are improving, but I am certainly not satisfied where we are,โ added Commissioner Temple.
๐ ๐ฅ๐ฒ๐ฎ๐ฑ ๐๐ต๐ฒ ๐ณ๐๐น๐น ๐ฒ๐ฑ๐ถ๐๐ผ๐ฟ๐ถ๐ฎ๐น: https://bit.ly/4w8LTKS