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re: Louisiana insurance rates

Posted on 2/27/24 at 11:01 am to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51832 posts
Posted on 2/27/24 at 11:01 am to
quote:

This here is why the rates are so damn high. They should not only get zero, they should have to pay legal fees for filing a frivolous lawsuit. The intent was never to get the full $30K. The intent was to get a settlement.

Until we stop incentivizing these frick heads who do this, we’re going to stay fricked when it comes to rates.


That falls under "tort reform" and it's kryptonite to our legislature.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423679 posts
Posted on 2/27/24 at 11:41 am to
quote:

That falls under "tort reform" and it's kryptonite to our legislature.

That "tort reform" would cause insurance costs to rise
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