LOUISIANA – In his first action as insurance commissioner-elect, Tim Temple announced the formation of an insurance advisory council.
According to a release from his office, the purpose of the council is to bring stakeholders to the table to aggressively address “Louisiana’s insurance crisis”.
“The council will identify legislative recommendations for an upcoming special session and regular sessions designed to make structural and fundamental changes to the way Louisiana works with and regulates the insurance industry.”
Temple’s commission will focus on five core categories and work with stakeholders to develop policy solutions.
Property Insurance – chaired by Jimmy Ordeneaux, a partner at Plauche Maselli Parkerson, LLP.
Auto Insurance – chaired by Randy Guillot, President of Triple G Express; former Chairman of the American Trucking Association
Life and Health Insurance – chaired by Derek Babcock, President of Insurance and Financial Services, Inc. and Allied Benefits Solutions, LLC.
Residual Market and Safety Nets – chaired by Mike Adams, Partner, Decuir, Clark & Adams LLP
Future of the Louisiana Marketplace – chaired by Noel Bunol, Executive Vice President of Gulf States Insurance.
After an unopposed victory for the Louisiana Insurance Commissionership, Temple said one of his main focuses would be to make the marketplace affordable for Louisiana residents and to create a more welcoming environment for insurers.
“We can’t sit around and wish this problem away. I ran on a platform of getting right to work for the people of this state, and that’s what we’re going to do,” said Commissioner-elect 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”.
