Bad Public Policy with Insurance

 

In trying to solve a problem, government often creates even more costly problems through the effort.  That is certainly the case when it comes to trying to help

Louisiana homeowners who face the highest property insurance rates in the nation.  But the Legislature and the Insurance Department exasperated the costs by favoring homeowners over taxpayers as a whole, creating really bad public policy.  The mess created is the focus of Jim’s column this week.  You can read it now by Clicking Here, or by going to the box entitled “Jim’s New Column” on the left side of this page.

Hey, it’s a new year, and we all are hopeful that common sense will prevail in the state capitol.  But it looks like the state is off to a shaking start, particularly in the insurance field.  Happy New Year anyway.

And for a good overview of Louisiana’s spiriling insurance problems, take a look at the video below; an interview with Jim by WWL TV in New Orleans.  As you will see, Louisiana has some major hills to climb in trying to get a handle on high insurance rates.

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