New Louisiana tort-reform law may take a year to affect car insurance rates, supporters say

A landmark Louisiana tort-reform bill aimed at reducing auto insurance costs took effect as the new year unfolded, but supporters say consumers may have to wait another year to see lower insurance bills. The passage of House Bill 57, the Civil Justice Reform Act of 2020, authored by Republican House Speaker Clay Schexnayder, was the top tort-reform priority of the Louisiana Association of Business and Industry in 2020, according to Lauren Chauvin, LABI’s director of civil justice reform. Read more...

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