Auto insurance coverage charges are outrageous, and there is a purpose for it that wasn’t talked about by both Gov. Jeff Landry or Insurance coverage Commissioner Tim Temple. There is a confirmed correlation between relentless promoting by plaintiffs’ attorneys and settlements or lawsuits — frivolous and in any other case — in opposition to insurance coverage corporations.
These adverts, in my view, must be curtailed and even stopped utterly. Plaintiffs’ lawyer adverts are designed to create the impression that plaintiffs will get a giant cash windfall because of an auto accident. This can be a notion that is geared in the direction of a gullible viewers who believes that their fender-bender goes to make them wealthy.
I really like those who say they obtained a whole bunch of hundreds of {dollars} in a settlement (whether or not true or not). What these adverts do not say is that the settlement has to cowl the price of property harm, changing the automotive, the medical payments, and many others. that should be paid from the settlement, nor do they are saying that the plaintiff’s attorneys will take 30% to 40% of the settlement as their charges. Not solely is the promoting message misleading, it additionally exacerbates the price of everybody’s auto insurance coverage in the long term. If we went again to not permitting plaintiffs’ attorneys to advertise their providers (it was not at all times like this), particularly on tv, we might see a drop in insurance coverage costs statewide as a result of the “get wealthy fast” incentive to sue wouldn’t be thrown within the public’s face each single day.
These adverts do nothing besides to learn plaintiffs’ attorneys, which is the purpose of promoting. Nevertheless, the final word hurt accrues to the general public by creating outrageous, untenable auto insurance coverage charges for everybody, whereas attorneys enrich themselves on the public’s expense.
JAN RAMSEY
New Orleans
