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Message
re: Insurance rate increases
Posted on 6/20/23 at 2:47 pm to lsudat10
Posted on 6/20/23 at 2:47 pm to lsudat10
quote:
Because Louisiana takes more property losses and has more uninsured drivers than the rest of the country, besides Michigan.
I'm not saying you're wrong, but that would only apply to a company that ONLY writes Louisiana business.
Property losses has nothing (or very little) to do with it. Louisiana verdicts in auto liability have driven carriers out of the state. It's damn near impossible to be profitable there.
Texas is heading in that direction, too.
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