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Started By
Message
re: Gov. Landry targets auto insurers over high premiums, calls for greater oversight
Posted on 4/22/25 at 2:08 pm to ragincajun03
Posted on 4/22/25 at 2:08 pm to ragincajun03
He needs to cut down on the frivolous lawsuits.
I do suspect that half of the problem with these frivolous lawsuits is really just that they provide an excuse for the insurance companies to dramatically jack up their rates. But cut down on the frivolous lawsuits so that insurance companies don't have that excuse anymore.
I do suspect that half of the problem with these frivolous lawsuits is really just that they provide an excuse for the insurance companies to dramatically jack up their rates. But cut down on the frivolous lawsuits so that insurance companies don't have that excuse anymore.
1
Posted on 4/22/25 at 2:09 pm to NIH
quote:
You are probably right. I was being nice.
I fought it for years. Gave money and my time, sat on boards, participated in local and state government, bla blah blah.
Louisiana is stupid and behind because the people in Louisiana want to be stupid and behind. Not going to change. But, I did get all 3 of my children out and they are not coming back.
Come see your people as often as you can, then get in your ride and haul arse back to Texas.
Posted on 4/22/25 at 2:13 pm to UFFan
We should also do something about the “pain clinics” that are treating the majority of these auto “injuries”. Eliminate the conflicts of interest with the attorneys often in cahoots with these “doctors”. If someone is injured, let them go to a legitimate doctor or hospital.
Posted on 4/22/25 at 2:13 pm to Saskwatch
Insurers do not want a loser pays system in the current culture of jury awards. You’d be facing excess verdicts and the privilege of paying the plaintiff’s attorneys fees.
Posted on 4/22/25 at 2:16 pm to Chad504boy
quote:
quote: auto carriers in Louisiana collected $1.4 billion more in premiums than insurers in any other state.”
does he not know this statement means nothing.
How is this possible? La. citizens pay 1.4 billion dollars more than Texas? Cali? Florida?
No way.
Posted on 4/22/25 at 2:19 pm to Chad504boy
quote:
auto carriers in Louisiana collected $1.4 billion more in premiums than insurers in any other state.”
Could we put this premium number alongside the cumulative trial award and settlements the trial lawyers have won against the auto carriers?
This post was edited on 4/22/25 at 2:23 pm
Posted on 4/22/25 at 2:20 pm to NIH
quote:
Uneducated and unreliable workforce, unsafe cities with sub standard suburbs, shite public schools, corrupt politicians, hurricanes, etc.
Roads that look like Dresden after it was bombed.
Posted on 4/22/25 at 2:24 pm to Saskwatch
How would making the system “no fault” work?
Posted on 4/22/25 at 2:26 pm to ragincajun03
So he acknowledges the ambulance chasers yet blames “record profits “?
Posted on 4/22/25 at 2:37 pm to ragincajun03
So, how's all that Tort reform they passed been working on? The insurance Industry swore under oath it was going to help...But I did find out it odd that they refused to guarantee the rate reductions they promised.
Meanwhile, the lemmings continue to fall hook, line, and sinker for all their lying Bullsit...
Meanwhile, the lemmings continue to fall hook, line, and sinker for all their lying Bullsit...
This post was edited on 4/22/25 at 2:44 pm
Posted on 4/22/25 at 2:42 pm to ragincajun03
quote:
auto carriers in Louisiana collected $1.4 billion more in premiums than insurers in any other state.”
Wonder what the overall profit margin is here in Louisiana v. other states?
Posted on 4/22/25 at 2:44 pm to Chad504boy
quote:
auto carriers in Louisiana collected $1.4 billion more in premiums than insurers in any other state.
This makes no sense in light of the size of the LA market. It's a bad quote by katc. In the embedded video Landry actually said:
quote:
In 2022, auto carriers in Louisiana collected $1.4 billion more in premiums than they paid out in claims
That at least makes sense but still means nothing. What were the profits and profit margin? In addition to claims, what were the companies' expenses for administration, defense lawyers and, yes, advertising?
For grins, let's assume they made a profit of $1.4 billion in LA. In 2022 the total auto premiums paid in Louisiana were $6.0 billion, which would be a 23% profit margin (I couldn't find a more recent year).
If Landry mandated that insurers make zero profit and eat any admin costs, premiums would drop 23% and we'd go from an average premium of $2,839 (double the 2021 national average of $1,428) to $2,186 (150% of the national average). Still very high, and no insurer would write a policy in the state even at 150% of the national average.
Landry is cherry-picking stats just like a plaintiff lawyer, while proposing nothing that would significantly reduce bogus lawsuits or at least slow the increase in rates.
Forbes - LA drivers pay the most
NAIC study of LA insurance market in 2022
Posted on 4/22/25 at 2:44 pm to TigerGman
quote:
So, how's all that Tort reform they passed been working on? The insurance Industry swore under oath it was going to help...But I did find out it odd that they refused to guarantee the rate reductions they promised.
The measures taken so far have been watered down at best m.
Posted on 4/22/25 at 2:50 pm to Lakeboy7
wtf are you talking about? With that logic, auto insurers should be lining up to do business here if “auto insurers make the most money in “trial lawyer” states. Run along and let the adults talk, junior.
Posted on 4/22/25 at 2:56 pm to ragincajun03
quote:
Insurance companies are touting record Wall Street profits,
This is pandering bullshite. Half the large insurers aren’t even stock companies.
Posted on 4/22/25 at 3:58 pm to In The Know
quote:
wtf are you talking about? With that logic, auto insurers should be lining up to do business here if “auto insurers make the most money in “trial lawyer” states. Run along and let the adults talk, junior.
Man somebody needs a big hot cup of gumbo.
Posted on 4/22/25 at 4:08 pm to Lakeboy7
you are retarded.
trial lawyers are the main problem, period. and Landry is owned by them.
move on until the next sap that tries to be governor.
trial lawyers are the main problem, period. and Landry is owned by them.
move on until the next sap that tries to be governor.
Posted on 4/22/25 at 4:09 pm to doubleb
I have a feeling there was some kind of notation that was missed, but I can tell you that my insurance dropped by almost 50% when I moved from Louisiana to Mississippi.
Posted on 4/22/25 at 4:13 pm to ragincajun03
Louisiana is run so badly and by such massively stupid people in the next 50 years it may require the federal government to force Texas or some other state to actually absorb it.
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