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re: Tort reform in Louisiana - you can only choose 3

Posted on 2/19/24 at 2:36 am to
Posted by BrohanDavey
The Land Down Under
Member since Oct 2018
705 posts
Posted on 2/19/24 at 2:36 am to
quote:

5) Increase mandatory minimum insurance coverage to 25/50/50


Insurance rates keep increasing as it goes, and naturally it would have to cost more to up minimum coverages, but this measure could potentially put a good dent in the amount of UM/UIM claims. Perhaps the insurance companies paying less on UM/UIM means lower rates over time. Who really knows
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