Trends and Insights: Louisiana Insurance Market

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Reforms put in place in 2024 are a positive move toward repairing Louisiana’s insurance market, which has long suffered from excessive claims litigation and attorney involvement that drive up costs and, ultimately, premium rates. But more work is needed.

The state remains one of the least affordable states for both personal auto and homeowners insurance. Louisiana Insurance Commissioner Tim Temple has championed a series of legislative changes that he has said will encourage insurers to return to Louisiana, especially in hurricane-prone areas. Louisiana’s low average personal income relative to the rest of the nation contributes to its affordability problems, which are exacerbated by its litigation environment.

(As of January 21, 2025)