2017 Legislative Session Recap & Wins
LOUISIANA REALTORS • June 26, 2017
The Legislative Session ended last month with no tax increases and without passing a budget. Harris, DeVille & Associates put together a Louisiana Legislative Session Recap
that summarizes activity that took place with regard to taxes, the special session, and what is ahead. Below is a visual highlighting REALTOR® and homeowner wins. As state issues settle, REALTORS® need to turn their attention to the national stage as the National Flood Insurance Program (NFIP)
is set to expire on September 30th. NAR has been actively engaged in trying to shape pieces of legislation. It is imperative that we stand ready to respond to Calls for Action and what is happening in Congress. Stay up to date through NAR's NFIP page.
Text REALTORS to 30644 and sign up for REALTOR Party Mobile Alerts so you don't miss the Calls for Action.
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.
Built for How You Work
