According to a press release by Real Reform Louisiana, a new Consumer Federation of America report found insurers were over charged by over 28 billion dollars or an average of $180 per licensed driver.
Insurance companies reaped huge profits 2020 and paid massive executive bonuses while overcharging auto insurance customers and denying or underpaying storm claims.
Louisiana auto insurance rates are still increasing despite promises from the insurance commissioner and insurance lobbyists that 2020’s tort reform legislation would lead to a 10-25% decrease in auto insurance rates.
Make sure that when you are in an auto accident you get fair compensation by calling JW Law LLC.