2020 Legislative Session Kicks Off March 9
LOUISIANA REALTORS • March 1, 2020
The 2020 Regular Session of the Louisiana Legislature will begin on Monday, March 9th. To date, over 1,100 have been filed and each legislator can file up to five more bills until Monday, March 31st. This high number can be attributed to the influx of first-time legislators elected last fall who are all eager to make their mark.
More Legislative Issues
Your Louisiana REALTORS® Bill Review Team, which is made up of members from across the state, will meet on Wednesday, March 11th to determine which of these bills Louisiana REALTORS® will support, oppose, or monitor on behalf of the industry.
After the Bill Review Team meets, an interactive Bill Tracking Report will be made available on this website with the position of Louisiana REALTORS® on each bill it has identified as having the potential to affect your business or property rights. Any bill on the list will be able to be accessed and viewed in its entirety by clicking on the number of the bill on the left of the page. The Bill Tracking Report will be updated weekly
2026 Louisiana housing market outlook for agents. Learn how local data, pricing strategy, and negotiation tactics shape success in a balanced market.
From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple announced today that the Louisiana Department of Insurance (LDI) continues its work to develop a regulation creating benchmark discounts for Fortified roofs in Louisiana. The LDI is working with the National Association of Insurance Commissioners (NAIC) to develop the benchmark discounts using Louisiana-specific data, hurricane modeling and actuarial considerations. “With over 11,000 Fortified roofs in Louisiana and two years-worth of insurer experience with rating for those roofs in our state, now is an appropriate time for the LDI to establish benchmark discounts for homeowners insurance companies operating in our market,” said Commissioner Temple. “These benchmarks are being thoughtfully developed to help consumers receive the discounts they deserve for fortifying their homes while making sure insurers know the benchmarks reflect how much Fortified roofs actually mitigate their exposure to risk across Louisiana.” Like in Alabama’s Fortified benchmark discount structure, the LDI regulation would require Louisiana insurance companies to either meet the minimum benchmark discount established by the LDI or provide actuarial justification for why the company’s discount does not meet the benchmark. Louisiana is the fastest growing state for Fortified roofs in America. To date, over 11,000 Fortified roofs have been installed in Louisiana, including over 4,100 through the Louisiana Fortify Homes Program.
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