Total insurance losses from Laura, Ida now over $20B, commissioner says [The Advocate, Baton Rouge, La.]
Apr. 25—Hurricanes Laura and Ida has resulted in over
Speaking with
Listen to their conversation here.
Donelon, a 20-year lawmaker before being elected insurance commissioner, looked back to the days of Gov.
Without these private insurers, he said, the state would have to become the insurer for all levels of risk, not just those that are currently covered by the
Donelon also noted that the cost of auto insurance in
"We are far and away the most litigious state of the 50 states in the number of claims that end up in litigation," he said. "That litigation cost is the outlier of our system versus the other 49 states."
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