Louisiana Senate defers action on four insurance-related bills

Earlier in the day, Landry signed several measures aimed at addressing auto insurance costs by limiting certain legal actions and expanding the authority of the state’s insurance regulator. Among the provisions is legislation allowing the insurance commissioner to modify rate filings if they are determined to result in profits that are not aligned with the level of service provided. In a statement, Landry said several other states, including Texas, Mississippi, South Carolina and Florida grant similar authority to their insurance commissioners.

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