Louisiana appoints task force to address high auto insurance rates
According to the task force chair, the cost of auto insurance can be a heavy burden for struggling families.
Louisiana Insurance Commissioner Jim Donelon has appointed industry and community leaders to serve as members of a new task force to look into high auto insurance rates in the state of Louisiana and make recommendations to the legislature for actions to lower rates.
Related: Rising premiums, lower losses bode well for U.S. auto insurance industry
During the 2018 Regular Session of the Louisiana Legislature, both the House and Senate passed formal resolutions urging and requesting the Louisiana Department of Insurance to assemble a task force to address the high cost of auto insurance during the 2018 Regular Session.
The Louisiana High Auto Rates Task Force held its first meeting on Tuesday, August 21, 2018.
“High auto insurance rates have plagued Louisiana families for years, and while we’ve come up with some band-aids, we haven’t seen any silver bullet solutions,” said Insurance Commissioner Donelon. “I’m hopeful that recommendations made by this task force will be successful where previous efforts have failed.”
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