Auto insurance rates are dropping across Louisiana, a recent announcement from the insurance commissioner states, but the decreases are unrelated to the need for reform, much to the dismay of certain groups.
The state of Louisiana has been battling record-high insurance costs for years, costing both individuals and larger entities dearly; it is not for lack of trying, however, that these insurance costs refuse to come down.
BATON ROUGE – Jeff Albright, CEO of Independent Insurance Agents & Brokers of Louisiana, believes auto insurance premiums in Louisiana are so high because there are double the amount of claims in Louisiana than any other state.
BATON ROUGE – Legislation intended to lower Louisiana's high auto insurance rates, increase time to file auto accident lawsuits, and address jury trial thresholds didn't make it this session because that's what Gov. John Bel Edwards wanted, a state representative said.