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Insurance Research Council: injury claims, litigation rates, and underinsured motorist use largely explain Louisiana's high premiums
Summary
The Insurance Research Council told the committee Louisiana’s unusually high share of injury claims (about 49% of crashes vs. a 26% national average) and higher litigation and underinsured‑motorist utilization explain most of the state’s premium gap; IRC advised better data collection and comparison to peer states.
The Insurance Research Council (IRC) presented data to the joint committee showing that injury‑claim frequency, underinsured‑motorist utilization and litigation rates are the primary drivers of Louisiana’s higher auto insurance expenditures.
Dale Porfilia, president of the IRC, summarized the organization’s October brief and data drawn from the National Association of Insurance Commissioners. IRC finds Louisiana’s average auto expenditure is materially above most peer…
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