INSURANCE/HOMEOWNERS: Provides relative to rate filings and claims settlement requirements for homeowners' insurance

HB 881 modifies Louisiana homeowners insurance rules to require insurers to include general contractor overhead and profit in claims payments when a contractor's services are reasonably foreseeable. This applies to both replacement cost and actual cash value policies for fire and extended coverage claims. The bill also clarifies that insurance commissioners may verify statistical data in rate filings and cannot approve rates before required notification periods expire. These changes directly affect homeowners filing claims and insurers handling those claims in Louisiana.