Tort reform that supporters say will lower the state’s near highest in the nation auto insurance rates is now just one step away from the Governor’s desk after clearing a House committee. Governor Edwards and legislative Democrats have expressed concern over certain aspects of the legislation and an overall critique that the bill does nothing to lower auto insurance rates, but River Ridge Senator Kirk Talbot says his legislation clearly requires insurance companies reduce rates by 10-percent
Talbot says one of the provisions saving insurers a lot of money involves drastically reducing the jury trial threshold, allowing for more reasonable settlements from crashes…
Democrats would rather see laws passed that would prevent a person’s credit score, gender, or marital status from determining a person’s auto insurance rates. But Talbot argues that will not lower premiums…
A package of budget bills was passed by the House Tuesday calling for a 30 billion dollar spending plan for the fiscal year starting July 1st.
The budget now heads to the Senate with only a week left in the regular session, and it is not expected that the Upper Chamber will sign off on it before the regular session ends June 1st.
It is because of that a special session will begin immediately after the regular session ends. Senate GOP Caucus Chairwoman Sharon Hewitt of Slidell says the special session will consider the budget alongside a series of tax breaks for COVID impacted businesses. She says no matter what happens though the constitution requires the budget be balanced and passed by July 1st.
Cut 15 (08)“budget” 5-25