‘LaPolitics’: Tim Temple sees positive movement in property insurance market

Louisiana's property insurers are implementing rate decreases equal to the number of increases for the first time in five years, with 20 new companies licensed to write homeowners' insurance and four already generating $200 million in new premiums. Auto insurance companies have seen over 40 rate decreases due to fewer accidents and claims, but commercial auto and trucking insurance remain stagnant due to high lawsuit costs.