A headline in several regional newspapers caught my eye. “Homeowners Insurance Rate Increases Have Slowed,” said one front page banner. I guess that’s supposed to be good news. But in my home state of Louisiana, rates have skyrocketed since 2005 — by an astounding 50%. No other state in the country has experienced such dramatic increases. And we continue to read that it’s all the fault of Katrina. There have been only a few major weather-related losses in recent years, but the rates continue to go up. There must be something rotten in Denmark. Hmmm – make that Louisiana.

ouisiana has one of the worst insurance regulatory environments in the nation. That is according to Washington-based conservative think tank R Street Institute in its 2017 Insurance Regulation Report Card just issued. And no, it’s not because of the trial lawyers or the big insurance companies. The blame is laid directly on the Louisiana legislature. In ranking states across the country, Louisiana was given an F.