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HCR 118

INSURANCE DEPARTMENT: Requests the Louisiana Department of Insurance to annually compile and publish certain data and information

2026 Regular Session Introduced by Chasity Martinez

LDOI would annually publish accessible, parish-by-parish data on homeowners and auto insurance markets, including claims, pricing, market share, entrants/withdrawals, and loss rati

Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.
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Bill Summary · HCR 118

Summary of Bill: HCR 118 (2026, Louisiana)

Purpose and Intent

  • This concurrent resolution urges and requests the Louisiana Department of Insurance (LDOI) to annually compile and publish comprehensive state- and parish-level data on homeowners’ and private passenger automobile insurance markets in Louisiana.
  • The goal is to improve transparency, accountability, and public understanding of market conditions, including affordability, availability, and rate-making practices.

Key Provisions and Changes Proposed

  • Annual Data Compilation and Publication: LDOI would produce and publish an annual data report covering homeowners’ and private passenger automobile insurance markets.
  • Data Format and Accessibility: Reports must be presented in a format that is accessible, understandable, and publicly available to the general public.
  • Scope of Data (examples of items to include):
    1. Number of claims and disposition statistics.
    2. Average premium rate changes.
    3. Comparative regional and national trend data on rates and market participation.
    4. Market concentration and market share data.
    5. Number of insurers entering or withdrawing from the Louisiana market.
    6. Number of policies written and policies nonrenewed.
    7. Number of policies placed into Louisiana Citizens Property Insurance Corporation.
    8. Loss ratios, expense ratios, and combined loss ratios (pure loss ratio, expense ratio, and overall combined ratio).
  • Timelines: The data report must be submitted in written form to relevant policymakers in a timely manner.
  • Submission Deadline: A copy of the report must be provided to the House and Senate committees on insurance and the David R. Poynter Legislative Research Library no later than February 1, 2027, pursuant to R.S. 24:772.
  • Communication: A copy of the resolution and the data report should be transmitted to the commissioner of insurance.

Who or What Would Be Affected

  • Primary Entity: Louisiana Department of Insurance (LDOI), which would be responsible for compiling, analyzing, and publishing the data.
  • Public Stakeholders: Louisiana residents, policymakers, researchers, journalists, consumer groups, and business owners who rely on market data to assess affordability, availability, and market dynamics.
  • Legislative Oversight: House and Senate committees on insurance, and the Legislative Research Library, which would receive the report for public access and reference.

Procedural and Timeline Considerations

  • The resolution is a request, not a mandate to enact new statutory requirements; it directs LDOI to undertake annual data compilation and publication.
  • The initial targeted delivery date for the first report is February 1, 2027.
  • This aligns with stated prior reforms and existing efforts, such as Act No. 428 of the 2025 Regular Session (which requires rate transparency reports for policies issued or renewed on/after January 1, 2027) and Bulletin 2026-05 (model rate transparency report). The resolution seeks to broaden transparency beyond rate transparency to include broader market data.

Potential Impact and Considerations

  • Increased Transparency: Providing public, parish-level data could improve consumer understanding, inform policy debates, and enable better comparisons with regional/national trends.
  • Data Uses: Data could be used to assess the effectiveness of reforms, identify affordability and availability gaps, track insurer participation, and evaluate market competitiveness.
  • Implementation Considerations: The resolution does not specify new funding or staffing mandates; effectiveness will depend on LDOI's capacity to collect and standardize data across carriers and markets.

Bottom Line

HCR 118 urges the Louisiana Department of Insurance to annually compile and publish accessible, statewide and parish-level data on homeowners’ and private passenger automobile insurance markets, covering claims, pricing trends, market participation, insurer dynamics, and loss/expense metrics, with the first report due by February 1, 2027.

Compiled from official sources — confirm details with the bill’s official record.

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