Cut 23 (02) “…and save money.”
But if you bundle home and auto with State Farm in Louisiana, you’ll probably break even next year, compared to last year, if you’re lucky. That’s because State Farm is increasing its property insurance premiums in the state by an average of almost ten-percent. Insurance Commissioner Tim Temple says State Farm requested the rate increase because unlike the smaller companies, which rely on reinsurance, it used a different model that involves in-house hurricane forecasting, and that led to a projection of higher losses due to hurricanes.
Cut 6 (10) “…much broader exposure.”
At the same time, Temple says State Farm will be lowering auto insurance premiums by almost six-percent on average.
Cut 3 (06) “…smaller than that.”
Temple says State Farm lowered auto premiums because it paid out less money in claims than forecast.
It was cold this morning, with temperatures below freezing and afternoon highs barely hitting 50 degrees. If you hate the cold, there is good news. Shane Pendleton, a meteorologist with the National Weather Service in Shreveport, says we’ll see a warm-up beginning tomorrow afternoon.
Looking ahead to next week, Pendleton says we can expect unseasonably warm and dry conditions for Christmas week.
The state legislature will have more money at its disposal than originally anticipated. The Revenue Estimating Conference increased its tax and fee collection projections for the rest of this fiscal year and next fiscal year. Melinda Deslatte (duh-LOT), the research director of the Public Affairs Research Council of Louisiana, says that effectively closes the budget gap.