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Posted on 11/16/21 at 10:01 am to Motorboat
quote:I am proud of you
This is such a bullshite line. The new law granted greater access to the courts and jury trials for smaller claims
quote:Meh, not really. Too soon to say. None of these have been tried.
Just shows that tort reform doesn't fix anything and claims/lawsuits are a small piece of the whole puzzle.
quote:
The value of cars have gone up and we have had many natural disasters. rates were gonna go up.
Posted on 11/16/21 at 10:16 am to WPBTiger
Not really surprising. Louisiana voters are dumb enough to elect a governor that's good buddies with the POS ambulance chaser attorneys which are the primary reason auto insurance rates are so high
Posted on 11/16/21 at 10:17 am to WPBTiger
because lawyers are still wrecking shop and incidence rate is still very high due to distracted driving.
This post was edited on 11/16/21 at 10:18 am
Posted on 11/16/21 at 10:20 am to WPBTiger
quote:
Auto insurance rates have gone up since new law to bring them down
From a government point of view, there are no issues here. It falls directly in line with everything else they touch.
Posted on 11/16/21 at 10:22 am to WPBTiger
So the affects of any reform supposed to be overnight? If the new law only applies to event occurring after 1/1/21, claims which have one year to be filed, and then may only go to trial 2-3 years after that, how could it be expected to see any substantive changes by this point? Its almost like insurers who are thinking about underwriting here want to see the long term affects before diving into the judicial cesspool that is Louisiana. It is an increase in competition that will ultimately affect the rates
There is ultimately only one group of people opposed to any sort of tort reform. Who is that?
We are the only state with a tort system like the one we have. How is that working out for us?
There is ultimately only one group of people opposed to any sort of tort reform. Who is that?
We are the only state with a tort system like the one we have. How is that working out for us?
Posted on 11/16/21 at 10:27 am to WPBTiger
quote:
new law to bring them down
Posted on 11/16/21 at 10:29 am to WPBTiger
new laws passed were a watered down shite version of the changes really needed. this was never something that was going to fix a problem overnight.
Posted on 11/16/21 at 10:30 am to Chad504boy
quote:How were they watered down and what changes were really needed?
new laws passed were a watered down shite version of the changes really needed.
Posted on 11/16/21 at 10:34 am to WPBTiger
quote:I feel like this is misleading. The only reason rates were flat over the past 3 years was because carriers lowered rates in 2020 during the pandemic when there were fewer cars on the road because so many people were staying home.
“Oh okay, and rates are going up, this year, actually, 2% to date, through October,” Donelon told the Affordable Automobile Insurance Task Force. “But for the three years before this year? Flat even, zero.”
Now people are back on the road a lot more, lots of natural disasters, and the price of everything going up because of inflation (including new vehicles and repair costs after a wreck)...only a 2% increase doesn't sound so bad. Hopefully as the new tort law has more time on the books for data to come in on what kind of a difference it made in the average injury claim settlement cost, rates will come down over time.
Posted on 11/16/21 at 10:36 am to WPBTiger
why do people always complain about insurance going up? it's like everything else can go up but not insurance
Posted on 11/16/21 at 10:38 am to AlxTgr
You’re asking a State Farm salesman what legal changes are necessary
Posted on 11/16/21 at 10:43 am to lsuhunt555
quote:
Here's a novel idea, stop suing the shite out of each other.
How about Insurance agencies stop paying people to avoid going court.
Posted on 11/16/21 at 10:59 am to NIH
quote:OK?
You’re asking a State Farm salesman what legal changes are necessary
Posted on 11/16/21 at 11:03 am to WPBTiger
What about a New York money grubbing bastards lied to people, surely you jest, next are going to say something something next like Goldman Sachs fixes market.
My big plan to fix this when i was younger was to get the arabs to buy insurance companies, investment banks so they could actually war with each other in business world and we could all benefit. It didn’t work
My big plan to fix this when i was younger was to get the arabs to buy insurance companies, investment banks so they could actually war with each other in business world and we could all benefit. It didn’t work
Posted on 11/16/21 at 11:09 am to WPBTiger
Not surprised. Every guardrail and brick wall or fence next to a road in Baton Rouge is damaged.
Posted on 11/16/21 at 11:51 am to Kracka
quote:
How about Insurance agencies stop paying people to avoid going court.
Well when the jury pool is filled with idiots who are told over and over and over that Insurance Companies are evil there is no reason to. The Jury will never side with the Insurance company.
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