Episode 185: Understanding The Insurance Crisis with Former Commissioner Jim Brown

Louisiana Insider

Insurance is supposed to provide security; in Louisiana it has become a crisis. We hear stories of homeowners being challenged to pay house notes because of the growing costs of home insurance. Automobile rates have increased, too, and what about health costs? Jim Brown who served as a Louisiana state senator, Secretary of State and Insurance Commissioner (1991- 2000) joins Louisiana Life Executive Editor Errol Laborde, along with producer Kelly Massicot, to talk about a volatile industry. He also explains why rates tend to be less in neighboring Mississippi and offers his suggestion of an important change for the Insurance Commissioner’s office. Rate payers should be aware.