An insurance trade group urged Louisiana Gov. Kathleen Blanco today to veto a measure that would raise the minimum requirement for motorists' auto liability insurance.
The Property Casualty Insurers Association of America is calling on Gov. Blanco to reject the bill, which secured final approval yesterday. The group argues against what it says is a "dramatic" increase in insurance limits that would increase auto insurance premiums for more than 40 percent of Louisiana drivers.
Senate Bill 233 increases the current minimum limits by two-and-a-half times– up to $25,000 for bodily injury liability to one person, $50,000 for bodily injury liability for two or more persons injured in any one accident, and $25,000 for property damage liability.
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