In 2021, Louisiana has some of the highest car insurance rates in the United States. A new law supposedly aims to change that. According to proponents of the bill, the law would make it harder for car accident victims to receive a payout from the insurance company, giving insurance companies an incentive to lower their rates. However, critics argue that it could have the opposite effect.
How does the new law affect car accident lawsuits?
Under the new law, it will be more difficult for victims of car accidents to receive a payout. The law will require more attorneys to argue their client’s case in front of a jury instead of a judge alone. The law will also limit the amount that victims can receive to pay for their medical expenses, with some exceptions.
Proponents of this new law claim that it will lower insurance rates because it makes it harder for car accident victims to receive a payout. If they do file a successful lawsuit, the bill aims to reduce the amount of money that they can be awarded. This could give car insurance companies a reason to lower their monthly premiums. However, critics of the bill point out that it doesn’t require car insurance companies to lower their rates. They also said that it could cause an increase in court fees and make it harder for car accident victims to pay off their medical bills.
What can you do if you’re in a car accident?
This new law might make it harder to file a lawsuit, but that doesn’t mean it’s impossible. An attorney could help you file a suit against the other driver or their insurance company, depending on the situation. You might receive a payout that helps you pay the bills that you’ve accrued.