Legislative Session Update
As we get closer to the end of the Session, below is the status of
some of the bills we've been watching. To see the status of all the
bills we were monitoring, please refer to our site
and click on
the bill of your choice.
First, we are happy to report that
by Rep. Jordan, which would have prohibited
the use of certain rating factors in automobile insurance underwriting,
failed to pass the House floor. Thanks to all of you who responded to our
grassroots on this one.
- HB 457 by Rep. Firment, which provides for claims
adjusters, pending Senate final passage.
- HB 458 by Rep. Firment, which provides for
additional living expenses and fair rental value coverages under residential
insurance policies, scheduled to be heard in HIC on 5/26.
- HB 469 by Rep. Larvadain, which provides relative
to homeowner's insurance claims settlement practices, failed to pass.
- HB 523 by Rep. Tarver, which provides relative to
bad faith claims against insurers, was withdrawn.
- HB 565 by Rep. Huval, which provides relative to
the operation of a motor vehicle while using wireless telecommunications
devices, passed House and is going to Senate Transportation, Highways &
Public Works Committee.
- HB 577 by Rep. McKnight, which provides relative
to residential flood coverage, scheduled for concurrence on 5/25.
- HB 585 by Rep. Geymann, which provides relative
to homeowner's insurance claims settlement practices, scheduled for HIC
- HB 591 by Rep. Firment, which provides for claims
settlement practices, pending Senate final passage.
- SB 29 by Senator Abraham, which authorizes the
commissioner of insurance to take certain actions relative to insurance
during a declared emergency, passed Senate and is scheduled to be heard
on House Floor on 5/26.
- SB 54 by Senator Luneau, which provides relative
to hurricane, named storm, and wind and hail deductibles, failed to
- SB 55 by Senator Luneau, which prohibits insurance
rate determinations based on certain risk classifications,
- SB 245 (substitute for SB 71) by Senator Bernard,
which provides relative to civil jury trials and deposits for costs and
expenses, passed the Senate but was voluntarily deferred in House Civil
Law & Procedures (5/24).
How To Prepare for Hurricane Season
by GOHSEP) — TODAY at 1:30 p.m.
Check out our very own PIA Board Member Danielle Gendusa-Wagner, as she
participates in this expert panel to educate different audiences about what
to do to prepare for Hurricane Season. To find out more information and/or
. Another panel discussion is being hosted by the
Louisiana Realtors on June 2, which you can register
(just look for the June 2 date) and we want to thank
Danielle for also participating in this one as well.
PIA & YIP Leaders Advocate
Virtually in 2021
PIA members from around the country took action virtually to present
their concerns to members of Congress and their staff about issues of
importance to the PIA independent agent community during PIA Advocacy
Day on May 12.
This PIA Advocacy Day was different in that meetings were conducted
virtually rather than in typical in-person format, due to continuing
pandemic restrictions. PIA members continued to add to their long track
record of meaningful and results-focused advocacy utilizing the virtual format.
The impact of PIA Advocacy Day
had immediate effect with increased
cosponsors for legislation we support, as well as increasing support for
our other goals of reauthorization the National Flood Insurance Program,
protecting crop insurance from cuts, opposing the PRO Act, supporting
Cannabis Safe Harbor for Agents and repealing the Federal Insurance Office.
Thanks to all our Louisiana leaders, which included PIA President Charlie
Williams, President-elect Clint Gulett, Secretary/Treasurer Ryan Daul,
Immediate Past President Bryan Duplantier, National Director Al Pappalardo, Jr.,
Board Member Linda Gortemiller, Past Presidents Barry White and Robert Page,
YIP President Ryan Page and EVP Jody Boudreaux.
PIA Sets the Record Straight on Agent Commissions
In written and oral testimony before the U.S. Senate Committee on Banking,
Housing and Urban Affairs on May 18, Rebecca Kagan Sternhell, the Director
of Federal Affairs for the City of New York, incorrectly stated that agents
receive a 30 percent commission each year on flood insurance policies backed
by the National Flood Insurance Program (NFIP).
"That is just not true
," said PIA National Vice President
of Government Relations Jon Gentile.
"Independent insurance agents are not earning 30 percent commission for selling
"Ms. Sternhell apparently conflated two different entities, both of which
contribute to the value policyholders receive when they purchase an NFIP policy,"
Gentile said. "The first is the Write-Your-Own (WYO) insurance carrier, which
receives approximately a 30 percent reimbursement payment from the federal
government for writing and servicing NFIP policies. The second is the independent
insurance agent, whose commission is paid by the WYO out of the reimbursement
funds it receives. Neither the WYO nor the agent retains the full 30 percent
payment—not in the year the policy is initially issued and not in any subsequent
PIA National issued a
press release and filed supplemental testimony
Senate Banking Committee to correct the erroneous testimony by the New York City