There were 50 requested rate increases in 2024 in the homeowners line, a big decrease from 80 in 2023 and 75 in 2022. (Credit: KseniaJoyg/Adobe Stock)

The Louisiana Department of Insurance published a news release highlighting positive trends in the homeowners insurance market following legislative reform.

Since the passage of insurance reform legislation in 2024 aimed at making Louisiana more attractive for insurers and reinsurers, 10 new homeowners insurers have been licensed. For insurers already doing business in the state, there have been much smaller rate increases compared to previous years and even some rate decreases.

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