INSURANCE: Requests the Louisiana State Law Institute to establish a Homeowner Protection and Efficiency (HOPE) Committee

This bill requests the Louisiana State Law Institute to create a Homeowner Protection and Efficiency (HOPE) Committee to study improvements to the residential property insurance claims process. The committee would focus on making the system more efficient, transparent, and fair for homeowners dealing with Louisiana Citizens Property Insurance Corporation after major storms. Its specific tasks include reviewing how claims are handled, reducing unnecessary legal delays, and exploring ways to ensure quick payment of valid claims while balancing the rights of all parties involved. The group must include representatives from various stakeholders, such as insurers, regulators, and consumer advocates, and submit its findings and recommendations to the state legislature by February 1, 2027.