PROPERTY INSURANCE: Provides relative to property insurance. (8/1/26)

SB 137 amends Louisiana's property insurance laws to strengthen consumer protections. It requires insurers to provide written reasons for canceling or refusing to renew policies, prohibits multiple deductibles for a single incident, and extends the deadline for submitting proof of loss to 180 days during a declared state of emergency. The bill also bans cancellation based solely on age and mandates 60 days' notice for cancellations (except for nonpayment, which requires 10 days). These changes directly affect homeowners, businesses, and auto insurance policyholders in Louisiana by increasing transparency and providing more time to file claims after disasters.