La. Insurance Commissioner candidate Tim Temple addresses public concerns in video conversation

Tim Temple, a candidate for Louisiana Insurance Commissioner, responded to questions from the public during a recent conversation facilitated by The Advocate's branded content lab.

Temple noted that Louisiana homeowners face difficult market conditions with insurance premiums in large part because of recent hurricanes and tornadoes, which have affected nearly all areas of the state. He said he was pleased with the Louisiana Legislature's recent approval of funding to fortify homes, including roof and water intrusion mitigation steps.

However, Temple said increased competition in the marketplace will be one of the biggest factors in future insurance rates.

"We have to create a marketplace in Louisiana so that companies want to come back," he said, adding that he views the role of commissioner as making sure insurance is available and affordable, and that companies have the financial resources to pay claims timely and fairly.

"When they compete, that's when you see premiums come down," Temple said.

Click here to see Temple's full conversation.