Louisiana Insurance Commissioner Tim Temple tackles state's insurance crisis, aiming to stabilize the market through reducing regulations and allowing insurers to raise rates.
Louisiana Insurance Commissioner Tim Temple discusses his approach to addressing the state's insurance crisis, stating it is unique due to sky-high rates impacting all policyholders (auto, homeowners, commercial, worker's compensation). He aims to make Louisiana stable, predictable, and attractive for businesses in the industry. The state is working on reducing regulations and allowing insurers to raise rates more easily to help stabilize the market.
February 27, 2024
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