BATON ROUGE, La. (WVUE) – Louisiana Governor Jeff Landry signed a series of insurance reform bills into law on Monday, aiming to decrease property and auto insurance premiums across the state. While Landry expressed confidence in the reforms, he admitted there’s no certainty they will bring immediate relief to Louisiana residents.
During a press conference, Landry highlighted that Louisiana is facing a dual crisis in both property and auto insurance sectors. He emphasized that residents deserve lower insurance rates and pointed to seven specific reforms backed by insurance companies that he believes should help drive prices down.
“We have utilized the data to put forward laws that should actually drive down the rates,” Landry stated. “We’ll see.” One of the newly signed laws offers a $10,000 state income tax credit to homeowners who invest their own money in installing certified fortified roofs. This measure is designed to encourage homeowners to fortify their properties against severe weather conditions, potentially reducing insurance claims.
Another significant reform grants Insurance Commissioner Tim Temple more authority to reject excessive rate increases proposed by insurance companies. While Temple has previously asserted that he already possesses this authority, Landry disagrees, believing this legislation clarifies and strengthens Temple’s position.
The governor also signed legislation requiring insurance companies to notify the Louisiana Department of Insurance if they plan to stop writing new policies in specific areas or if they intend to expand their coverage footprint. This measure aims to increase transparency in the insurance market and help regulators monitor the availability of insurance coverage across different regions of Louisiana.
In addition to insurance reforms, a new distracted driving law was enacted, prohibiting drivers from holding a cellphone to text or talk while driving. This legislation is part of a broader effort to reduce traffic accidents and subsequent insurance claims.
According to charts presented by the governor’s office, Landry has signed a total of 28 insurance-related bills in 2025, with many of these being signed prior to Monday’s public ceremony. While Landry expressed optimism about the potential impact of these reforms, he also acknowledged the role of insurance companies in determining rates. “If rates don’t go down … you’d have to ask [the insurance companies],” he said, indicating that the ultimate effect on insurance premiums remains to be seen.
