This is the Louisiana Radio Network legislative report I’m Jeanne Burns.
There are ten days left in the legislative session and lawmakers still have a lot work to do. They need to approve a budget, but one of the biggest non-fiscal bills left is a measure that would reorganize the state Department of Transportation. Senate President Cameron Henry says it’s needed to help DOTD allocate its money more efficiently to improve the state’s roads…
Most of the heavy lifting is done when it comes to insurance reform legislation as the governor has already signed six bills.
A Senate bill to make the insurance commissioner an appointed position rather than elected did not pass. Henry says it’s an idea the legislature may have to revisit…
Cut 12 (06) “…different direction.”
The bill that gives the insurance commissioner more authority to reject rate increases is the most controversial bill to be approved. Executive Director of the Insurance Council of Louisiana Rodney Braxton says the new law makes insurance companies uneasy about what the future looks like.
It’s been a year since the legislature passed a series of tort reform laws aimed at driving down the cost of property insurance. Are premiums starting to go down???