Senate Concurrent Resolution No. requests the Louisiana Department of Insurance to conduct a comprehensive study on the effects of legislative reforms enacted during the 2025 Regular Session on the state's insurance market, particularly focusing on homeowners' and automobile insurance. The resolution highlights Louisiana's historical challenges with high insurance premiums and limited carrier participation, emphasizing that the recent reforms aim to enhance market competitiveness, attract more insurance providers, and ultimately reduce costs for consumers. The study will analyze various indicators, including the number of new insurance applications, active carriers, rate filings, consumer complaints, and overall market trends from July 2024 to November 2026.

The Department of Insurance is tasked with providing a detailed report that includes a narrative on the impact of each reform, as well as policy recommendations for further improvements in the insurance market. This report is to be presented to a joint meeting of the Senate and House committees on insurance between December 1 and December 31, 2026. The resolution underscores the importance of data-driven decision-making and collaboration between legislative and executive branches to foster a more stable and competitive insurance environment in Louisiana.