April 12, 2007

BLANCO, DONELON REVEAL LEGISLATION

by Sheila McCant, Public Information Officer
Gov. Kathleen Blanco and Insurance Commissioner Jim Donelon this week held a news conference to unveil their joint insurance package for the upcoming session.
A bi-partisan approach, the bills seek to attract new insurers, drive down rates, and protect consumers. The bills, which have not been filed at this time, include a consumer bills of rights, premium reductions for retrofitting, regional deductible ranges, allowing LA Citizens to bundle its policies for sale to private insurers, and an incentive program to encourage companies to write policies in the state and take policies out of LA Citizens.

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