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Started By
Message
re: Auto insurance rates plummet
Posted on 5/17/24 at 8:50 am to Vacherie Saint
Posted on 5/17/24 at 8:50 am to Vacherie Saint
quote:Wonder what they spend on politicians.
In 2020 Louisiana personal injury lawyers spent 12MM on legal advertising.... in ONE QUARTER
1
Posted on 5/17/24 at 8:57 am to Jake88
quote:
Wonder what they spend on politicians.
Ask this guy
This post was edited on 5/17/24 at 9:05 am
Posted on 5/17/24 at 9:00 am to White Bear
quote:Yes. Did any cuts to public schools happen when students left to go elsewhere with their vouchers?
didn’t Jindal try and basically do the same via vouchers?
Posted on 5/17/24 at 9:08 am to White Bear
quote:Looking at claim history reports can make your blood boil at times. Claims with $2000 in payout for vehicle damage but six figure payouts for injury on the same claim. And people wonder why Louisiana has the most expensive auto insurance in the country
Why do I get sued for a fender bender with minimal damage and no actual injury? Because the ins Co will settle is why. Atty and insurance fricks are different side to the same coin. What a fkn racket.
Posted on 5/17/24 at 9:37 am to 4cubbies
quote:
Teachers unions don’t have anything to do with voucher schools.
Which explains the popularity of voucher schools.
Posted on 5/17/24 at 9:42 am to OTIS2
quote:
Just because he’s an attorney doesn’t mean he’s wrong. The citizens of the state were lied to. Period.
Nobody was lied to you stupid frick. This is not a situation of "hey guys, we pass half of what we want and 9 months later we'll have instant rate decreases during a time period of all time inflation". How fricking stupid are you? I know how stupid, you're stupid enough to believe that was how this process works. How were you harmed by passing some tort reform bills? HOW? That's the funniest part.
Posted on 5/17/24 at 10:06 am to Chad504boy
quote:
The citizens of the state were lied to. Period.
The "Tort reform" from 2020 was horseshite and did not address any of the cost drivers. It was watered down by JBEs ambulance chaser cronies.
Frankly, I am pretty shocked at what has passed this session so far.
This post was edited on 5/17/24 at 10:23 am
Posted on 5/17/24 at 10:20 am to TheFranchise
Trial lawyers got to Landry and cut a deal early on.
He’s not to infringe on their practice of suiting without limitation and they’ll give him little resistance in getting elected
He’s not to infringe on their practice of suiting without limitation and they’ll give him little resistance in getting elected
Posted on 5/17/24 at 10:41 am to TheFranchise
quote:
maimed or killed
quote:
loses life or limb
quote:
a TBI, cervical fusion, facial fractures and wrecked lumbar spine
Lol, the tiny percent of total claims that involve these injuries constitute only a tiny percent of total claim payouts. The problem in Louisiana is that claims can be generated out of nothing to exhaust insurance policies regardless of actual injuries. Every accident is like a scratch off lottery ticket; you just gotta scratch off that policy to reveal the policy limits, then treat long enough to force a settlement for the policy limits.
Posted on 5/17/24 at 10:45 am to TheFranchise
Auto insurance is up 22.2% across the country. If yours is not creeping up that fast it did something. However one bill and even four bills won’t fix the ridiculousness of LA insurance issue
Posted on 5/17/24 at 11:11 am to White Bear
quote:Yep.
Why do I get sued for a fender bender with minimal damage and no actual injury? Because the ins Co will settle is why. Atty and insurance fricks are different side to the same coin. What a fkn racket.
I’ve told the story before of a woman I know whose daughter backed into an empty car in a gas station parking lot. Minimal damage to the parked car’s fender, no damage to her bumper. No one inside the parked car. She went inside to find the owner and they exchanged insurance information. Months later, her insurance doubles on her daughter’s car because the insurance company paid like $1,500 in auto damages and $8,000 in personal injury damages, to a person that wasn’t even in the fricking car!
This post was edited on 5/17/24 at 11:17 am
Posted on 5/17/24 at 11:14 am to TheFranchise
My rates increased by 23% in Texas. Its fricking ridiculous. I told my 17 year old that I was considering dropping her vehicle from our insurance for the summer and we would just taxi her around.
Posted on 5/17/24 at 11:29 am to TheFranchise
quote:Can you outline what was enacted to do this and how it operates?
hindering injured citizens’ ability to seek redress when maimed or killed by bad drivers would lower our rates.
quote:How is this an issue?
What happens when we learn that the problem is the insurance industry not the mid-30’s father of three with a TBI, cervical fusion, facial fractures and wrecked lumbar spine who can no longer provide for his wife and children?
Posted on 5/17/24 at 11:49 am to White Bear
quote:
Why do I get sued for a fender bender with minimal damage and no actual injury? Because the ins Co will settle is why.
If the insurance company doesn’t settle, and you (their insured) gets a judgment against you for more than your policy, you would then have a claim against your own insurance company for failing to settle the claim when they had an opportunity to do so. The plaintiff attorney will then offer to release you from that excess exposure in exchange for assigning your rights to them. They will then go after the insurance company for the whole judgment.
The end result is the insurance company has to weigh the risk of a Louisiana jury (who is inundated with advertisements and billboards suggesting all these claims are worth millions) awarding a lot of money and then they might have to pay that whole judgment even though their policy limits were some lesser amount.
If you want your insurance company not to settle, are you willing to release them from all liability to you for not settling in the event it goes badly for you at trial? Just because you think the person wasn’t injured (and they may, in fact, not be injured at all) doesn’t guarantee the jury will agree with you.
Posted on 5/17/24 at 12:02 pm to Penrod
quote:
The problem is the trial lawyers and our ridiculous tort policies. Insurance is a bigger problem here, in Louisiana, than anywhere else in America. Why aren’t insurance companies wrecking everything in those places?
When I tell friends what I’m paying a month for my vehicle, they ask me if I’m driving a Lambo? I’m like no a Camry. They don’t believe me.
Posted on 5/17/24 at 12:02 pm to TheFranchise
quote:
Will Tim Temple hold insurers to account and force rates down? Or allow insurers to continue to abuse the public with unchecked annual increases?
Several major auto insurance companies left La. last year. I lost mine. They still sell in the other 49 states. I wonder why they hate La.
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