re: Louisiana Legislature repeals law blocking homeowner’s insurance cancellations

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I wonder if this administration will ever do anything to actually help a single person living in thiis state.

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The reasoning behind this bill is meant to help people by attracting new insurance companies to the state.

Insurance companies don't like the 3 year rule and LA is in dire need of companies willing to write homeowners insurance in the state. Supposedly there are companies looking to expand into Louisiana but were holding back on doing so due to the 3 year rule. LA is the only state that had such a rule, so it made LA less attractive than neighboring states for insurers looking to expand along the gulf coast.

That's the argument for getting rid of the 3 year rule. Now time will tell if it actually produces any results on attracting new insurance companies to start writing here.