The Senate Concurrent Resolution 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, specifically focusing on homeowners' and automobile insurance. The resolution highlights Louisiana's historical challenges with high insurance premiums and limited carrier participation, emphasizing that the reforms aim to enhance market competitiveness and attract more insurance providers. 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 report generated from this study will not only assess the impact of the 2025 reforms but will also include policy recommendations for further improvements in the insurance market. The findings will be presented to a joint meeting of the Senate and House committees on insurance between December 1 and December 31, 2026. This initiative underscores the importance of data-driven decision-making and transparency in evaluating the effectiveness of legislative actions on the insurance landscape in Louisiana.