Drivers are staying home, and that’s saving auto insurance companies a lot of money. Insurance Commissioner Jim Donelon spoke with Matt Doyle about getting those saving passed on to customers…
Cut 1 (30) “…I’m Matt Doyle”
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The Louisiana Oil and Gas Association projects over 23-thousand jobs are at immediate risk if oil prices remain low and no immediate action from federal and state governments. Jeff Palermo has the story…
Cut 2 (30) “…I’m Jeff Palermo”
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State health officials are encouraged to see the number of COVID-19 patients who require ventilation has gone down, four days in a row. Assistant Secretary of the Office of Public Health Alex Billioux credits I-C-U doctors who are learning better methods in treating the virus.
Cut 3 (10) “…Bi-pap”
A Bipap pushes air into a person’s lungs and works much like a C-Pap machine.
Billioux credits social distancing and an uptick in good hygiene habits as a major contributing factor.
Cut 4 (08)_ “…next coming days.”
Billioux says we are seeing now the results of public behaviors that started two weeks ago and while the trend is promising…
Cut 5 (10) “…we have already.”
490 COVID-19 patients are on ventilators today, down from 519 yesterday.
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Insurance Commissioner Jim Donelon expects other car insurers in Louisiana to follow Allstate’s lead and offer rebates for premiums paid during the stay at home order. Allstate is paying back customers in the state 13 million dollars in rebates. Donelon says its because the company is saving a lot of money right now.
Cut 6 (10) “America”
Donelon says the company is paying back roughly 600 million dollars to policyholders in the US and is a rebate for the months of April and May.
The Commissioner also noted a few other changes to statewide insurance policy, including…
Cut 7 (13) “…11th.”
Donelon says Allstate has added another perk besides just rebates.
Cut 8 (09) “accsess.”
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The LSU AgCenter and the Louisiana Farm Bureau are surveying crawfish producers to determine the economic damage caused by the coronavirus outbreak. LSU AgCenter economist Kurt Guidry says the information collected will be turned over to the U-S-D-A in an effort to get assistance for the industry
Cut 9 (12) “…economic impact.″
Crawfish producers have been hurt by a glut of crawfish because restaurants can only offer carryout or delivery service. Guidry says they are hoping to get responses from crawfish farmers by the end of the week…
Cut 10 (11) “…are made”
Guidry is asking crawfish farmers to turn in their completed surveys to him or call his cell phone at (225) 281-5948
Cut 11 (13) “…through USDA”
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A Louisiana Oil and Gas Association survey projects more than 23-thousand jobs in the industry are at immediate risk. LOGA President Gifford Briggs says the coronavirus pandemic and an oil glut has dropped the price of oil 66-percent since January first
Cut 12 (10) “…through the industry”
Briggs says there are over 33-thousand oil and gas wells operating in the state and half of those could be shut-in. He says prices need to recover about 40-dollars a barrel for oil by June first or we will see massive job losses…
Cut 13 (08) “…global economy”
What can be done to help the oil and gas industry? Briggs calls for the suspension of state severance tax collections for one year, oil and gas storage capacity expanded and legislation to end government-led coastal lawsuits
Cut 14 (08) “…or investment”