re: Insurance Lobbyist - Strategy (i.e., LIE) to Tie Lower Auto Insurance Rates to Tort Reform

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The Louisiana Farm Bureau and Progressive Insurance are cutting their auto insurance rates on the heels of a cut by the state's largest auto insurer, State Farm.

Progressive Insurance Group expects to drop rates by 2.4% for new policies on August 21 and for any renewals on September 18. The difference is $12.6 million impacting 204,339 policy holders, records show.

Louisiana Farm Bureau was approved to drop its rates by 7.5% for both new insurance policies and renewals on October 1. The change amounts to $19.2 million across 236,113 policy holders.

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