LA SR161

Urges the Department of Insurance to ensure Louisiana residents are not improperly recorded in claims information exchanges when they merely ask coverage questions or report losses without demanding payment

Claims information exchanges collect and report up to seven years of homeowners' and automobile insurance claims data, which insurers use for pricing and underwriting decisions

Louisiana law defines a "claim" as requiring a demand for payment; simply reporting a loss or asking about coverage does not constitute a claim

Consumers have limited ability to verify, dispute, or correct inaccurate claims data, potentially leading to unjustified premium increases or coverage denials

Requires a copy of the resolution to be transmitted to the Commissioner of Insurance