The centerpiece of Temple's bundle repeals Louisiana's three-year rule, enabling insurers to non-renew tens of A huge number of policies, that will lead to a lot more policies migrating to Citizens, the insurance provider of past vacation resort.
Other expenditures in Temple's bundle intestine very important purchaser protections and weaken regulations that hold insurers who act in negative religion accountable. Though Commissioner Temple advocated for these expenses, he was sitting down on the final results of the investigation by his department that, based on the newspaper, identified that following Hurricane Ida two providers "failed to pay claims promptly in virtually 1 / 4 of scenarios.
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Temple worked to go laws that makes it easier for insurers to cancel insurance policies and more difficult for storm victims to file claims. His deal does Visit here almost nothing to decrease insurance premiums. In reality, it allows insurers to raise fees far more often.
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