House Bill No. by Representative Dana Henry aims to enhance transparency in the property and casualty insurance market in Louisiana by establishing a public insurance rate transparency dashboard within the Louisiana Department of Insurance. The proposed law mandates the development and maintenance of an online platform that will provide consumers with easily accessible and understandable information regarding homeowners' and private passenger automobile insurance. The dashboard will include key data such as average written premiums by ZIP code and parish, annual and three-year percentage changes in premiums, the number of insurers in each area, and the total number of policies in force, among other relevant metrics.

To ensure the functionality of the dashboard, the bill requires insurers writing covered lines to submit necessary data to the Department of Insurance, with reporting intervals set at a minimum of every six months. The Department is tasked with protecting confidentiality by ensuring that no personally identifiable or proprietary information is disclosed, and all data is presented in an aggregated format. The bill also allows the Department to create rules for implementation and sets a timeline for the initial version of the dashboard to be operational within twelve months and fully implemented within twenty-four months after the effective date of the Act.