Senate Resolution No. by Senator Connick authorizes the legislative auditor and the Department of Insurance to conduct a study on the financial transactions between foreign and domestic insurers operating in Louisiana. This initiative arises from concerns regarding the financial stability and market conduct of property insurers, particularly in light of natural disasters and rising insurance premiums. A report from the Florida Office of Insurance Regulation highlighted significant financial transactions between insurers and their affiliates, raising questions about the impact on insurer solvency and consumer costs. The resolution aims to ensure transparency and accountability in the insurance market in Louisiana.

The study will focus on financial data and relationships between insurers and affiliated companies, including managing general agents and holding companies, from January 1, 2021, to December 31, 2024. It will categorize various payments, assess their effects on reported losses and rate filings, and summarize findings from relevant examinations by the Louisiana Department of Insurance. The legislative auditor may engage independent consultants for assistance and is required to submit a report with findings and recommendations by September 1, 2026.