Insurance Policy & Louisiana Department of Insurance
After a comprehensive review of the insurance policies, we plan on maintaining
them and also planning on making the National Flood Insurance Program mandatory
for the residents of New Orleans. We realize there are people who cannot afford
the National Flood Insurance Program, but we are providing government
subsidized housing units. We understand cost might be a concern, but rates can
decrease dramatically when communities become involved in the National Flood
Insurance Program's Community Rating System and implement green technology and
energy efficient building codes. In order to alleviate the confusion policy
seekers and policyholders express towards the insurance industry and its
policies, we want to increase transparency through the availability of
insurance information through the Louisiana Department of Insurance. Employees
will be trained and/or hired to provide advice as to which insurance provider
residents should approach for general home owner's insurance policies. Agents
of the Louisiana Department of Insurance will conduct unbiased insurance
research and produce industry reports comparing rates and policies of insurance
providers. With the compilation of this research, agents will word informational
booklets that would be made easily accessible through the Internet and book
resources. We envision an expansion of all kinds of agent-homeowner services
including online resources, telephone hotlines, and in-person consultations.
Through these information sessions, the agents of the Louisiana Department of
Insurance act as clarifier's of the ambiguous insurance policies and also make
recommendations for homeowners on a case by case basis. The clarification of
these policies involve explanations of the relative benefits of certain
insurance policies provided by specific insurance providers. These consultants
will act as a basic, go-to resource for people who cannot afford private wealth
managers.
