Thursday, April 11th, 2012
Baton Rouge, Louisiana
LOUISIANA’S “GIVE THE CRIMINALS PLENTY OF NOTICE” LAW!
There’s a great new edict that’s about to become law in my home state of Louisiana. It’s called the GTCPTG statute. Short for, “Give the Criminals plenty of time to get away.” Louisiana legislators and the state’s insurance department are working overtime to assure that the Bayou State continues to hold the title of the country’s most expensive state in which to buy insurance.
Two noble goals have been set in the state’s capitol in Baton Rouge. First, pass new laws to be absolutely sure that automobile insurance rates keep going up. And second, pass other laws that stop property owners from asserting legal claims against the state run property insurance company. There is certainly a great deal at stake, and it looks like state legislators and insurance officials will stop at nothing in order to maintain the state’s number one position of having the highest auto and property rates in America. Way to go, guys.
There’s a saying has been around the Baton Rouge state capitol for years — “Hold on to your wallets…the legislature’s in session, and they’re about to stick it to you.” There has never been a more appropriate time for such an admonition. In the 40 years plus that I have spent around the legislative and regulatory process in Louisiana, as a legislator, a statewide official, an insurance regulator, and as a political observer, I cannot recall a time when policy holders have been so maligned, and the interests of the public at large have been so disregarded. Continue reading “Jim Brown”
