In the News Mark Ballard: Tort changes in Louisiana will be a popular topic – but won’t help lower auto insurance rates
And then around Christmas, a free market think tank, the R Street Institute, based in Washington, D.C., gave Louisiana’s insurance situation the nation’s only F grade for the second year in a row. Litigation was not mentioned.
Instead, the R Street report found fault with Louisiana having an elected insurance commissioner who can decide if insurance companies can raise rates. “Louisiana employs a stringent system of rate regulation, which no doubt contributes to the lack of competition in its auto insurance market,” the report said.
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