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Louisiana advances bill to protect consumers from high insurance costs, but concerns arise over its impact on insurers.
Louisiana's Senate Insurance Committee advanced House Bill 148, which includes consumer protections like requiring insurers to disclose previous premiums.
However, a contentious part of the bill that would expand the insurance commissioner's authority to reject rate hikes is raising concerns among some lawmakers and industry representatives.
The bill aims to tackle high insurance premiums and restore public trust, but critics worry it could discourage insurers from entering the market.
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Louisiana adelanta un proyecto de ley para proteger a los consumidores de los altos costos de los seguros, pero surgen preocupaciones sobre su impacto en las aseguradoras.