The Louisiana Legislature has approved legislation opposed by insurers calling for the destruction of vehicles considered a "total loss" in the wake of Hurricane Katrina.
A spokesperson for Governor Kathleen Babineaux Blanco said that the governor had not received the bill and has not yet made any decision whether she will sign it.
The Property Casualty Insurers Association of America has voiced strong opposition to the measure, claiming it is an overly drastic solution to the problem of cars damaged by the hurricane.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
