How Bad can Louisiana Insurance Climate Get?

 

2009 was a really bad year for Louisiana insurance policyholders. Rates charged to Louisiana taxpayers remain the highest in the entire country.  Citizens Insurance Company, the state created fiasco, continues to have huge problems with no end in sight.  And taxpayers are taking it on the chin for a great deal of regulatory mismanagement.

 Jim Brown’s new column sets out the lows and the one high when it comes to any possible insurance rate relief.  The good news is that the legislatively crated Commission on Streamlining Government has recommended that Citizens insurance be abolished, something Jim has been calling for over a long period of time.  You can read the Streamlining Commission’s recommendations by Clicking Here.  And you can read Jim’s evaluation of the past year in crisis in his new column now posted.  Read it by Clicking Here.