Did you hear the news? The Louisiana legislature has passed new laws that will dramatically reduce your automobile insurance rates.  By 25% says the insurance commissioner. And by the end of the year. Wow! I can hardly wait to spend my savings. Well, don’t hold your breath.

It’s been ten years since the financial crisis on Wall Street filtered down through the insurance industry.  Many national insurance companies were under siege, and even though Louisiana is a small state in population, policyholders were affected proportionally at a much greater degree than in most other parts of the country.