09/11 - Extreme Premiums: Louisiana Property Insurance Rates | Louisiana Public Square | LPB
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Video Playlist:

Play Button  Full Program - Full Program
Play Button  backgrounder - Backgrounder
Play Button  Extras - Flat Auto Rates - Louisiana Insurance Commissioner James Donelon explains that our auto insurance rates, though high, have been flat for the last 5 years.
Play Button  Extras - Louisiana vs. Florida - James Donelon, Commissioner of the Louisiana Department of Insurance, compares our homeowner insurance rates to Florida’s.
Play Button  Extras - Louisiana Insurance Commissioner James Donelon describes the first responsibility of his office.
Play Button  Extras - Solvency Monitoring - James Donelon, Commissioner of the Louisiana Department of Insurance, gives his opinion on the best way to regulate rates.
Play Button  Extras - Best Regulator of Rates - Louisiana Insurance Commissioner James Donelon explains the process for an insurance company to raise its rates.
Play Button  Extras - How Rates are Set - James Donelon, Commissioner of the Louisiana Department of Insurance, points to evidence of the state’s litigious climate.
Play Button  Extras - Litigation X 2 - Louisiana Insurance Commissioner James Donelon describes the controversial practice of insurance scoring by the industry.
Play Button  Extras - Reinsurance - Insurance Scoring - Monroe insurance agent and Professional Insurance Agents of Louisiana president Gene Galligan explains reinsurance.
Play Button  Extras - Homeowners Insurance Competition - President of the Professional Insurance Agents of Louisiana, Gene Galligan, describes the number of companies licensed to write homeowner policies in the state.
Play Button  Extras - A Lot of Abuse - Monroe insurance agent Gene Galligan touches on the positives of Louisiana’s insurance market.
Play Button  Extras - Impact on Attracting Businesses - Former Louisiana Economic Development Secretary Michael Olivier explains the challenge our high insurance rates pose to attracting new businesses to the state.
Play Button  Extras - Texas vs. Louisiana - Tim Borel, a New Iberia businessman and former Texas resident describes the changes he encountered with homeowner’s insurance.
Play Button  Extras - Lawsuits - Darrel Papillion, a Baton Rouge attorney, explains why he sees a larger number of auto accident lawsuits in Louisiana.
Play Button  Extras - Insurance Companies - Baton Rouge attorney Darrel Papillion says that oftentimes insurance companies bring lawsuits upon themselves due to unfair settlements.

09/11 - Extreme Premiums: Louisiana Property Insurance Rates

Why are our rates so high?

Louisiana homeowners face the third highest insurance rates in the country. Louisiana drivers pay the second highest auto insurance premiums in the nation. Why are our rates so high and what, if anything, can be done to reduce them? Explore “Extreme Premiums: Louisiana Insurance Rates” on Louisiana Public Square, Wednesday, September 28th at 7 p.m.

...Read Full Backgrounder

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Click here to view the LSU Before and After Survey Results

Our Panelists:

This program was also funded in part by the Louisiana Forestry Association

I moved here from Texas and my auto insurance is more than double and home insurance is triple what I pay for the same things in Texas

Posted by Tim B.  on  09/09  at  03:04 PM

I moved from Tallahassee, Florida to Baton Rouge in 1992 to assume a position at LSU.  I was shocked to find that my auto insurance costs tripled; same drivers, same automobiles, same coverage, but three times the premium.  I called my insurer, USAA, and was told that, 1) we had 15 year old drivers who had a higher overall accident rate (this has since changed), and 2) everybody sues. 

People treat an auto accident as a means of supplemental income, start legal action thus driving up insurance costs.  Florida has a no-fault insurance system whereby the insurance company insures you as their individual client in the case of an accident, and pays you for damages to your auto, not the other party.  Given the number of hit-and-run accidents occurring recently in Baton Rouge, no-fault makes the most sense.  Careful drivers would have lower premiums and be assured that damage and medical costs would be covered. 

To me this is not a trivial issue as I am facing retirement and will be living on a greatly reduced income.  By moving back to Florida my insurance costs would be reduced by two-thirds and I would not have to pay a state income tax.  This is an issue that Louisiana State legislators must take seriously.

Posted by Paul L.  on  09/09  at  03:05 PM

I am a homeowner in Monroe.  In my zone, I HAVE to buy flood insurance.  I know I may need it one day.  I would hate to need it and not have it.  I pay full coverage for my auto and have since it was new.  Also, I want to have coverage in case something would happen. I know we pay almost the highest insurance on autos in the states.  It should make a difference if one has not called on the insurance that it could be discounted some.

Posted by Sara  on  09/09  at  03:07 PM

It just seems of little common sense to keep paying higher and higher rates for car insurance.  My record is unblemished but I still pay a large amount in order to raise my limits a little.  The public should have an opt-out option if their driving record is clean.

Posted by Alex  on  09/09  at  03:09 PM

I participated in the Louisiana Public Square “Extreme Premiums” program and I want to tell you how impressed I was and what a great experience it was for me. It was exactly what I have come to expect from LPB - a great staff with great attitudes and charming personalities, the process was perfectly choreographed and executed, and a comfortable and warm environment. I enjoyed meeting the other participants, learning of their insurance experiences, and their suggestions for improvement. The panelists were top notch and I enjoyed speaking with Mr. Page and Dr. Berry after the show….Lastly, Mr. Scott was an excellent host and it was a pleasure meeting him.

Posted by Michael DeCaire  on  09/28  at  04:01 PM

I moved to Baton Rouge from Tallahassee, FL in 1992 to accept a position at LSU. My auto insurance tripled even though I had the same cars and the same drivers as in Florida. I asked my insurance co. (USAA which I have had for 49 years) why the huge increase and was told, 1) we had 15 year old drivers (this is no longer the case) and 2) everyone brings legal action. Florida has no-fault insurance which cuts premiums and rewards good drivers. A number of years ago a similar no-fault proposition was presented to the legislature here and was dead-on-arrival. For me, facing retirement, this is not a trivial issue as it seems it would be better for me to return to Florida than stay here. Also Florida has no state income tax.

Posted by Paul LaRock  on  09/28  at  04:03 PM

Each second of each day thousands of autos enter and leave the state of LA. The state pretends that everyone will be perfectly protected by liability insurance from another person, yet for a single second the state can not tell one they are protected. It is time for No fault where one protects themself. No it does not mean that one can ram a car into some one, back up and repeatedly do it again. The criminal portion of our justice system kicks in. This will start to reduce our costs of insurance. Then there needs to be comprehensive monitoring of claimants of high dollar amounts. Claim payments should not be in single agreement but subject to occasional judicial review.. That way one does not throw away the wheel chair at the end of the court judgement. These are realistic changes that need to be made.

Posted by remi delouche  on  09/29  at  09:43 AM

I think the number of hit-and-run accidents occurring recently in Baton Rouge, no-fault makes the most sense.

Posted by peterson  on  10/20  at  07:16 AM

I participated in the Louisiana Public Square “Extreme Premiums” program and I want to tell you how impressed I was and what a great experience it was for me. It was exactly what I have come to expect from LPB - a great staff with great attitudes and charming personalities, the process was perfectly choreographed and executed, and a comfortable and warm environment. I enjoyed meeting the other participants, learning of their insurance experiences, and their suggestions for improvement. The panelists were top notch and I enjoyed speaking with Mr. Page and Dr. Berry after the show….Lastly, Mr. Scott was an excellent host and it was a pleasure meeting him.

Posted by Tina Davis  on  12/07  at  01:36 AM
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Current Topic


     08/18 - The Power of Reading

How can we make inroads to improve adult literacy in Louisiana and champion a joy of reading from pre-school into adulthood?
The ability to read sets the foundation of who we are and what we can be. Through reading we expand our world, learn new things and increase our base of knowledge. In fact, a parent’s reading level is the greatest factor in a child’s academic success. Children who can’t read proficiently by the third grade are four times more likely to drop out of high school.

In Louisiana, 20 percent of adults are illiterate – five points higher than the national rate. How is Louisiana combatting its illiteracy problem across generational lines? How can we make inroads to improve adult literacy in Louisiana and champion a joy of reading from pre-school into adulthood?

Louisiana Public Square: The Power of Reading looks for answers and explores the value of lifelong reading through the lens of the PBS series The Great American Read Wednesday, August 22 at 7pm on LPB and in New Orleans on WLAE. (Recorded Tuesday, August 14 in the Magnolia Performing Arts Pavilion at Baton Rouge Community College.)

Our panelists are:
- Linda-Marie Barrett, Southern Independent Booksellers Alliance (SIBA)
- Rebecca Hamilton, MLIS; Louisiana State Librarian
- Danny Heitman; Journalist and Louisiana author
- Miranda Restovic, Louisiana Endowment for the Humanities (LEH).
- Gary Robertson; Adult Literacy Advocates

The program features interviews with John Cavalier, owner of Cavalier House Books; Gary Robertson, Executive Director of Adult Literacy Advocates; representatives from the LEH PRIME TIME intergenerational reading program, and Superintendent John White with the Louisiana Department of Education.

LPB CEO Beth Courtney and Robyn Merrick, Southern University VP of External Affairs, host the show.

Louisiana Public Square can also be heard on public radio stations WRKF in Baton Rouge; Red River Radio in Shreveport and Monroe; and WWNO in New Orleans. Check their station websites for schedule.

This episode of Louisiana Public Square is underwritten by Community Coffee’s Cash for Schools Program, the Louisiana Forestry Association, LSU Press and the Southern Independent Booksellers’ Authors Round the South.

Thank you to our sponsors!
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