Louisiana Insurance Commissioner Tim Temple is discussing his agenda for the upcoming regular legislative session. Temple says he’ll ask lawmakers to put more state dollars towards the popular fortified roof program, which gives homeowners in south Louisiana ten thousand dollars to strengthen their roofs.
“We’re also going to ask that building codes be improved so that people that do build and live along the coast are better situated for their home to be their after a storm for their roof to stay on for their contents to stay dry,” said Temple.
Temple says he also wants to cut down on the number of regulations insurance companies face in Louisiana. He says that’s keeping property insurance providers from doing business in Louisiana. He says he’ll lobby for the end of the three-year rule, which prohibits insurers from dropping a customer they’ve insured for three years.
“That is not a free market and it seriously inhibits companies from wanting to do business in the state,” said Temple.
Temple says he also wants to cut down on the number of regulations insurance companies face in Louisiana. He says that’s keeping property insurance providers from doing business in Louisiana. He says he’ll lobby for the end of the three-year rule, which prohibits insurers from dropping a customer they’ve insured for three years.
“Once we can moderate the increase and start to get it level and these companies start to come back in, that’s when the availability will drive that affordability,” said Temple.
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