La. Gov. Pitches $100M Insurance Plan

May 1, 2007

  • May 1, 2007 at 6:40 am
    John says:
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    In 2002 the Department of Insurance cut a deal with a major insurer and allowed them to raise rates and begin using credit scoring if the insurer in turn would take 10,000 homes out of the risk pool. The DOI failed however to implement a plan by which the removal and writing of the 10,000 homes could be monitored. Resulting in the insurer not taking but maybe half, 5000 home out of the pool by the end of 2005.

    Now, the DOI with the insurer friendly Donelon at the helm is again advocating a plan to remove or write homes out of the pool. Will the DOI have the backbone to put a monitoring system in place and force companies to comply or, will this simply be another ploy to help enhance the insurers to the detriment of the citizens of Louisiana?

  • May 7, 2007 at 2:50 am
    New Orleans Lady says:
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    This is worst than re-electing Corrupt Officials.
    Why in this world would this state consider this?
    The victims of Katrina…still waiting for crumbs from LA Road Home.
    USA spending $2 Billion per week in Iraq
    and our own American People remain homeless.
    Is this America?

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