PROPERTY INSURANCE: Provides the Louisiana Insurance Guaranty Association and the Louisiana Citizens Property Insurance Cooperation exceptions from liability for certain property insurance claims.

This bill amends state laws to limit the liability of the Louisiana Insurance Guaranty Association and the Louisiana Citizens Property Insurance Corporation in property insurance disputes. Specifically, it prevents these entities from being sued as part of a class action and restricts the amount of damages they can be ordered to pay. Additionally, the legislation mandates that property insurance rates for 2025 and later must be at least ten percent higher than the highest rates charged by other insurers in the same area, with some exceptions for specific zones. These changes aim to shield these two organizations from certain legal penalties and ensure higher insurance premiums for policyholders in the coming years.