HCR 118

ENROLLED
2026 Regular Session
HOUSE CONCURRENT RESOLUTION NO. 118
BY REPRESENTATIVE MARTINEZ
  A CONCURRENT RESOLUTION
To urge and request the Louisiana Department of Insurance (department) to annually
       compile and publish comprehensive data and information concerning the
       affordability, availability, transparency, and accountability of the homeowners' and
       private passenger automobile insurance markets in Louisiana.
       WHEREAS, Louisiana has faced a crisis in affordability and availability in the
homeowners' and private passenger automobile insurance markets for several years; and
       WHEREAS, Louisiana residents continue to face severe affordability and availability
challenges in the homeowners' and private passenger automobile insurance markets, with
many families experiencing substantial premium increases, nonrenewals, and difficulty
obtaining coverage; and
       WHEREAS, rising insurance costs have placed significant financial strain on seniors,
working families, small business owners, and residents living on fixed incomes throughout
the state; and
       WHEREAS, it often takes some time for the full effect of legislative and regulatory
reforms to develop into an insurance premium impact; and
       WHEREAS, despite such premium impacts often being delayed, Louisiana has
already begun to see positive signs in the form of homeowners' and private passenger
automobile insurers filing for rate decreases; and
       WHEREAS, many policyholders have still expressed frustration regarding denied
claims, delayed claims processing, increasing deductibles, and the lack of accessible and
understandable information regarding how insurance rates are determined; and
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HCR NO. 118  ENROLLED
       WHEREAS, public confidence in Louisiana's insurance market depends upon
transparency, accountability, and the availability of reliable market data for consumers,
policymakers, and the public; and
       WHEREAS, Commissioner of Insurance Tim Temple has supported the passage of
various legislative reforms aimed at making insurance more available, affordable, and
accountable in Louisiana with a commitment to ensure competitiveness while enhancing the
attractiveness of Louisiana's insurance market; and
       WHEREAS the Legislature took a great step toward better informing consumers with
the passage of Act No. 428 of the 2025 Regular Session, which requires insurers to provide
homeowners' insurance and private passenger automobile insurance consumers with a rate
transparency report upon issuing and renewing policies on and after January 1, 2027; and
       WHEREAS, the department issued Bulletin 2026-05 to provide a model rate
transparency report for insurers to personalize, adopt, and begin issuing to consumers when
Act No. 428 takes effect on January 1, 2027; and
       WHEREAS, rate transparency reports will offer useful insight into how homeowners'
and private passenger automobile rates are formulated but do not provide information with
respect to overall trends in the market; and
       WHEREAS, the legislature and the department have undertaken various reforms
intended to improve market conditions, and continued transparency is necessary to evaluate
the effectiveness of those efforts; and
       WHEREAS, the publication of meaningful market data would better inform
Louisiana residents and policymakers regarding the causes of premium increases, claims
trends, market participation, and coverage availability; and
       WHEREAS, comparative regional and nationwide data would assist policymakers
and consumers in determining whether market conditions in Louisiana are unique or
reflective of broader national trends.
       THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
urge and request the Louisiana Department of Insurance to annually compile and publish
data concerning the homeowners' and private passenger automobile insurance markets in
Louisiana in a format that is accessible, understandable, and publicly available.
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HCR NO. 118  ENROLLED
       BE IT FURTHER RESOLVED that the annually reported data may include but not
be limited to the following information with respect to homeowners' and private passenger
automobile insurance:
       (1) Number of claims and statistics regarding the disposition of those claims.
       (2) Average insurance premium rate changes.
       (3) Comparative regional and national trend data related to rates and market
participation.
       (4) Market concentration and market share data.
       (5) Number of insurers entering or withdrawing from the Louisiana market.
       (6) Number of policies that were written and nonrenewed.
       (7)       Number of policies placed into Louisiana Citizens Property Insurance
Corporation.
       (8) Pure loss ratio, expense ratio, and combined loss ratio data.
       BE IT FURTHER RESOLVED that the Louisiana Department of Insurance shall
ensure that all reported data is presented in a format understandable and accessible to
members of the general public.
       BE IT FURTHER RESOLVED that the Louisiana Department of Insurance shall
submit a written copy of the report produced pursuant to this Resolution to the House and
Senate committees on insurance and the David R. Poynter Legislative Research Library
pursuant to the provisions of R.S. 24:772 no later than February 1, 2027.
       BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
commissioner of insurance.
  SPEAKER OF THE HOUSE OF REPRESENTATIVES
  PRESIDENT OF THE SENATE
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