BATON ROUGE, La. (BRPROUD) — On Tuesday, Louisiana Insurance Commissioner-elect Tim Temple announced he is creating an insurance advisory council to tackle the insurance crisis.
The council’s responsibility is to make recommendations for legislative special sessions and regular sessions designed to make fundamental changes to how Louisiana works with and regulates the insurance industry, according to a news release.
“We can’t sit around and wish this problem away. I ran on a platform of immediately getting to work for the people of this state and that’s exactly what we’re doing,” said Temple. “We’re going to bring everyone to the table and we’re going to figure this out. Families and businesses can’t wait any longer. It’s time to get to work.”
The advisory council’s main focus is five core insurance categories and proposing specific solutions alongside the following stakeholders:
- Property Insurance
- Chairperson: Jimmy Ordeneaux, Partner at Plauché Maselli Parkerson LLP
- Automobile Insurance
- Chairperson: Randy Guillot, President of Triple G Express; Former Chairman of American Trucking Association
- Life and Health Insurance
- Chairperson: Derek Babcock, President of Insurance and Financial Services, Inc. and Allied Benefits Solutions, LLC
- Residual Markets and Safety Nets
- Chairperson: Mike Adams, Partner at Decuir, Clark & Adams LLP
- Future of the Louisiana Marketplace
- Chairperson: Noel Bunol, Executive Vice President of Gulf States Insurance
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