One of the signature fights of the session, tort reform, easily clears the Senate on a veto-proof 29-8 vote. The legislation lowers the jury trial threshold from 50,000 dollars to 5,000 dollars, increases the prescriptive period for filing a suit, and implements a swath of other lawsuits reforms.
Author River Ridge Senator Kirk Talbot says these changes will save auto insurers money and bill requires they pass on a minimum ten percent savings to customers…
Alexandria Senator Jay Luneau took issue with the bill. He says it has been written with loopholes that allow insurers to skip out on passing along tort related savings. He read from the bill…
The price of oil may have rebounded but it still sits far below the level needed to maintain revenue for the state budget in the next fiscal year, and that combined with the COVID economic shutdown has left Louisiana with a gargantuan billion dollar deficit. Commissioner of Administration Jay Dardenne is working with the administration to craft a balanced budget and says they’ve begun identifying ways to utilize federal dollars to reduce that deficit. Dardenne says a portion of the rainy day fund can be used as well, leaving just 80-million dollars in cuts
Dardenne warns that 80 million will largely have to come out of the Louisiana Department of Health’s budget, along with a two percent reduction in budgets for many other agencies, and adds…