Laws to Help Louisiana Homeowners With Insurance Figure Out How Insurers Determine What They Charge

Louisiana R.S. 44:4.1(B)(11) has been amended and R.S. 22:1488 added to help Louisiana homeowners figure out how condominium, residential fire, renters, tenants, mobile home and manufactured housing insurers determine their rates by requiring:

  • Homeowner’s insurers to provide data on direct incurred losses, number of policies in force, and direct earned premiums to the commissioner of insurance to aggregate and publish on the Dept. of Insurance website;
  • The commissioner to publish on the department’s website a general description of the ratemaking methodology insurance companies are allowed to use in establishing homeowner’s insurance rates.


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