The Advocate not too long ago revealed an article titled, “Boil ’em alive? Insurers face offended Louisiana politicians as policyholder frustrations mount.” The article addressed anger towards insurance coverage firms, but it surely’s my perception that a lot of that anger could be higher focused on the negligence of Insurance coverage Commissioner Jim Donelon.
Since Donelon took workplace, insurance coverage charges have skyrocketed 12 months after 12 months, regardless of increasingly bother for policyholders making an attempt to gather on their losses. After Ida, Donelon claimed that insurance coverage firms couldn’t enhance premiums or drop insurance policies because of claims. However he’s additionally acknowledged that since Ida insurance coverage charges are rising as a consequence of “hurricane losses.” That’s an admission that he’s did not implement the regulation he says prevents insurance coverage firms from elevating charges as a consequence of storm claims.
If Donelon had the folks’s greatest curiosity in thoughts, he would do his job as commissioner and implement the prohibition on price will increase as a consequence of storm harm. In latest months Donelon has appeared at city halls throughout the state telling those that have been victims of the insurance coverage firms they need to “rent a lawyer.” The reality is, Jim Donelon ought to do his job.
If you need to rent a lawyer to gather on what you might be owed by your insurance coverage firm, it’s time to fireplace Donelon.
businessman, former candidate for Insurance coverage commissioner
Boil ’em alive? Insurers face offended Louisiana politicians as policyholder frustrations mount