Insurance problems complex - KPLC 7 News, Lake Charles, Louisiana

Insurance problems complex

February 1, 2007
By Theresa Schmidt

Since Hurricane Rita hit Southwest Louisiana,  insurance has been a huge obstacle for many trying to recover. Many people either can't seem to get insurance or can't afford it and others, especially in Cameron Parish, don't see the point since they haven't been paid for the last disaster. Says Carl Broussard of Cameron Parish: Our recovery is really being slowed down, especially in lower Cameron Parish,  recovery has been stymied."

 Those on all sides of the issue came to a forum at the Chamber SWLA to talk about the problem and the uphill road to solutions. Jeff Albright with Louisiana Independent Insurance Agents talked about various options recommended by the Coalition to Insure Louisiana. One is get rid of the Insurance Rating Commission. Albright told those attending the forum, "Let me ask you. You're business people. If you had the government dictating whether or not you could price your product where you thought it needed to be priced, and they were going to hold public hearings and your customers were going to able to come in and decide whether or not they thought they wanted to pay more for your product, how long would you do business in this state?"

He says the only answer is to get more companies to come to the state. Albright says cleaning up the state's image would help. "We all know we had three insurance commissioners go to jail. That doesn't get real good headlines around the nation."

 And he says businesses do notice improvements such as strengthening building codes and he urged lawmakers not to do away with them. There's also talk of a federal catastrophe fund...though officials here agree there is no one solution.

Solving Louisiana's insurance crisis is expected to be a big issue in this year's session of the state legislature.

  • More Local NewsNewsMore>>

  • WATCH LIVE ON 7NEWS SUNRISE: Confederate statues

    Monday, April 24 2017 5:30 AM EDT2017-04-24 09:30:19 GMT
    Crews taking down confederate statue in New Orleans. (Source: KPLC)Crews taking down confederate statue in New Orleans. (Source: KPLC)

    Good Morning. John Bridges and Britney Glaser here with a look at what's coming up on 7News Sunrise.

    More >>

    Good Morning. John Bridges and Britney Glaser here with a look at what's coming up on 7News Sunrise.

    More >>
  • First ever orchid show brightens up local church

    First ever orchid show brightens up local church

    Sunday, April 23 2017 9:11 PM EDT2017-04-24 01:11:59 GMT
    A gym full of Orchids brightened up the Church of the Good Shepard today.  The Calcasieu Orchid Society held it's first ever show, free to the public.  There were displays, as well as orchids and artwork to buy, even a competition for cut arrangements and just general beauty. Judges from all over the country came to judge the competition and organizers say it was a huge success.  Copyright 2017 KPLC. All rights reserved.  More >>
    A gym full of Orchids brightened up the Church of the Good Shepard today.  The Calcasieu Orchid Society held it's first ever show, free to the public.  There were displays, as well as orchids and artwork to buy, even a competition for cut arrangements and just general beauty. Judges from all over the country came to judge the competition and organizers say it was a huge success.  Copyright 2017 KPLC. All rights reserved.  More >>
  • Lake Charles Fashion Week takes over Isle of Capri

    Lake Charles Fashion Week takes over Isle of Capri

    Sunday, April 23 2017 9:08 PM EDT2017-04-24 01:08:57 GMT
    High fashion designers strutted their way into Lake Charles this weekend. When you think of fashion week--the runways of New York, Paris and LA, usually come to mind...  But there is a new destination on the map according to fashion week Lake Charles founder, Julie Branden. "No one knew we have designers in Lake Charles. We have designers in Lake Charles, we have fashion in Lake Charles, so we're trying to get everybody to come on board," said Branden. "I didn'...More >>
    High fashion designers strutted their way into Lake Charles this weekend. When you think of fashion week--the runways of New York, Paris and LA, usually come to mind...  But there is a new destination on the map according to fashion week Lake Charles founder, Julie Branden. "No one knew we have designers in Lake Charles. We have designers in Lake Charles, we have fashion in Lake Charles, so we're trying to get everybody to come on board," said Branden. "I didn'...More >>
Powered by Frankly