Texas / South Central News
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La.'s Gov. Blanco Vetoes Minimum Auto Insurance Legislation
Texas / South Central News • July 20, 2007
Louisiana Gov. Kathleen Blanco has vetoed legislation that could have increased auto insurance costs for over 1 million Louisiana motorists, her office said.
The Legislature in June 2007 approved ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: A Democrat sign that? Never! | Anon | Jul 23, 2007, 8:07 am |
| RE: RE: A Democrat sign that? Never! | KIM DAVID | Jul 21, 2007, 9:28 pm |
| RE: RE: RE: A Democrat sign that? Never! | Bill | Jul 20, 2007, 8:39 pm |
| RE: RE: A Democrat sign that? Never! | Steve D. | Jul 20, 2007, 3:45 pm |
| Drawing a "Blanc" O | Ricardo | Jul 20, 2007, 2:05 pm |
| RE: A Democrat sign that? Never! | Ty Man | Jul 20, 2007, 1:46 pm |
| RE: A Democrat sign that? Never! | Bill | Jul 20, 2007, 12:57 pm |
| A Democrat sign that? Never! | Realist | Jul 20, 2007, 12:47 pm |
| Back to article | ||
Subject: RE: RE: A Democrat sign that? Never!
I appreciate the fact that you looked as some numbers before responding, not everyone makes that effort in this forum.
I looked at them as well, but I came to a different conclusion. While a high level review of Fast Track might lead you to believe the limits are in line (BI Average Severity $11,977, PD Average Severity $3,021). The minimum limits themselves artificially hold the averages down. If the policy limits max out at 10K, you're keeping the average down.
From another angle, do you want to lead the insurance buying public to believe that purchasing a policy for an "average" loss is enough?
If you total someone's even moderately priced vehicle you'll exceed your limits. Good luck with an ER visit of any significance.
Just another point of view…