The House Ways and Means Committee advanced a pair of bills aimed at lowering homeowners insurance premiums by strengthening the state’s fortified roof program. House Bill 145 would double the tax deduction for putting on a fortified roof from five-thousand dollars to 10-thousand dollars. It has the support of Insurance Commissioner Tim Temple, who says it would encourage people to get a fortified roof put on their homes and not wait for a grant program to open up to do so.
Cut 7 (07) “…fortified roof on.”
Also, House Bill 663 would create the Fortify Coastal Homes Fund. It’s proposed by Pollock Republican Gabe Firment, who says it would direct a portion of sales and use taxes in coastal areas following a natural disaster to the fund.
The amount would be capped at 60-million dollars.
A Senate committee approves two tort reform bills that supporters say will help in the effort to lower auto insurance rates. One would reduce the payout an uninsured driver would receive if injured in the crash. The other would limit the payout for an injured driver that has been found to be 51-percent or more at fault in an accident. Alexandria Democrat Jay Luneau says the legislature has passed tort reform legislation in the past with the hopes it would lower rates, and it never came to be…
Cut 15 (11) “…going to fix it.”
House Insurance Chairman Gabe Firment says the legislation attempts to correct a big problem in Louisiana…
Cut 16 (11) “…excessive payouts.”
Both bills have already passed the House.