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The Breakdown: Insurance Commissioner urges special session after Landry veto

In your Breakdown: the Louisiana legislative session just ended, but Insurance commissioner Tim Temple is urging lawmakers to go back to Baton Rouge.

BATON ROUGE, La. — His deep disappointment came after Governor Jeff Landry vetoed House Bill 423, which would have limited the amount of money juries can award to people injured in car crashes.

It had strong support in both the House and Senate and was part of a large package of insurance reform bills pushed by Temple. But Landry sided with trial attorneys and vetoed it.

Temple said in a statement that Louisianans have “suffered from ridiculously expensive auto insurance premiums for far too long.” And the state “can’t afford to wait another year before trying again on legal reform.”

He did give credit to Landry for leadership on property insurance legislation this session, but many of those laws, which include eliminating the 3-year rule and allowing more frequent rate changes, benefit companies, and not consumers.

Whether those will lead to long-term relief property relief for Louisianans - and whether Temple will get a special session to aid with the rising cost of vehicle insurance - remains to be seen. 

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