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re: Tort reform back on the table
Posted on 5/22/19 at 8:57 am to TigerGman
Posted on 5/22/19 at 8:57 am to TigerGman
quote:
I read the bill, I don't see any guarantee rates will decrease.
Do you need it spelled out to you? I asked Rick Ward about his trying to scuttle this bill, and his response was, "It doesn't specifically say this will lower insurance premiums". How about, use your brain. By lowering the jury threshold, the likelihood of cases going to a jury are higher, thus, highly litigious areas like Marksville and New Orleans, who have plaintiff friendly judges who receive major contributions from trial lawyers, actually get to go to trial, as opposed to having the one sided judges rule in the plaintiffs favor. So lowering the jury threshold from $50,000 (highest in the country) to $5,000 is a good thing.
2nd, the extension of the prescriptive period from 1 year to 2 years is a concession to the trial lawyers. But it is on par with Mississippi and other states.
quote:
So welcome to your extra jury duty for 3 days on a $10,000 case.
I'll take that over ridiculous car insurance rates.
Posted on 5/22/19 at 8:59 am to BugAC
quote:
So lowering the jury threshold from $50,000 (highest in the country) to $5,000 is a good thing.
Your argument would be brilliant and irrefutable ( except for the fact the insurance companies themselves don't think it will).
Posted on 5/22/19 at 10:00 am to BugAC
You think jury trials in Orleans Parish will go well for insurance defense?
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