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Tim Temple

Tim Temple

Louisiana Insurance Commissioner

Appears in 1 story

Notable Quotes

"Louisiana Farm Bureau attributed the rate cut to two key factors: a drop in both the frequency and severity of car accidents, and increased confidence in the state's insurance environment due to recent legal reforms." - Insurance Commissioner Tim Temple, October 2025

"Those reforms were focused on property and we're starting to see results." - Insurance Commissioner Tim Temple, January 2026

Stories

Louisiana's insurance crisis gamble

Rule Changes

Declaring market stability after approving multiple rate decreases in early 2026

Louisiana drivers pay $3,481 annually for auto insurance—the highest in America. On January 1, 2026, the state flipped the rules on who can sue after a car crash. Plaintiffs found even 51% at fault now get nothing, and medical bills can only be recovered at amounts actually paid, not the inflated prices hospitals charge. It's the biggest tort reform package in state history, and early signs suggest insurers are responding: over 20 carriers filed rate decreases by mid-January 2026, with Progressive alone cutting rates for nearly 500,000 drivers.

Updated Jan 14