Original source: https://www.businessreport.com/newsletters/despite-personal-rate-cuts-louisiana-commercial-auto-rates-continue-to-go-up
All of the time we run around the internet each day to guide you to relate to the idea of having a Public Adjuster in your corner. Look at this story we just found.
Greater Baton Rouge Business Report (Louisiana) (09/10/19) Landry, Annie Ourso
State Farm recently said it would cut auto insurance rates in Louisiana, marking the fourth time that the state’s largest car insurance lowered rates within the previous two years, for a entire decrease of 10.4%. However, the rate reductions are to the personal lines market, and automobile speeds in the country’s commercial market have improved, states Jeff Albright, CEO of Independent Insurance Agents and Brokers of Louisiana. Albright and Louisiana Insurance Commissioner Jim Donelon state in the market that is private, State Farm is decreasing its prices in an effort to recover some 100,000 customers the firm lost in the last several decades to competitors. Donelon states,”There is no question we’ve got a systemic problem with auto insurance rates, driven by our highest at America claims-to-litigation ratio” Donelon notes while the automobile claims of Louisiana are usually on par the number of suits is higher. The Louisiana Association of Business and Industry hopes to achieve tort reform…. Read More
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