Louisianans are being crushed by skyrocketing car and homeowners insurance costs, and it’s clear that we need bold action to bring relief. I believe we must tackle this issue from multiple angles—investing in public infrastructure to reduce risks, improving transit options, and cracking down on price gouging in the insurance industry.
For homeowners insurance, we need to harden our communities against climate risks by investing in flood control, drainage improvements, and home resilience programs like stormproofing incentives. These infrastructure investments will lower the overall risk profile of our state, making it harder for insurers to justify excessive rate hikes. At the same time, I support more aggressive regulation of the insurance industry, requiring transparency in rate-setting, penalizing companies that delay or underpay claims, and pushing for a state-backed insurance option to introduce real competition.
For car insurance, we need to lower premiums by addressing road quality, public transit, and unfair pricing tactics. Poorly maintained roads lead to more accidents, which drive up insurance costs for everyone—so investing in better infrastructure will help lower rates. Expanding public transit, including a light rail system for the Capital Region, will also reduce congestion and accidents, leading to lower overall costs. Additionally, I will fight to end unfair pricing practices, such as using credit scores to determine rates, and push for increased competition while considering stronger rate regulations to prevent price gouging.
The bottom line is this: Louisiana families shouldn’t be paying exorbitant prices while insurance companies rake in profits. I will fight for a fair, competitive, and transparent insurance system that works for consumers—not just the industry.