Louisiana Governor Jeff Landry is talking up the bills he has signed designed to bring down auto insurance rates.
Landry signed several legal reform bills expected to produce lower payouts to car accident victims. Landry says it is legislation the insurance industry has been seeking for several years.
"Insurance companies, in conjunction with the legislature, some four years ago or five years ago, listed out a number of things that would drive rates down," Landry said. "And we have now completed a vast majority of that list."
The governor said the new laws will shield insurance companies, and their policyholders, from frivolous lawsuits.
He also defended a controversial new law that allows the insurance commissioner to reject rate increases for almost any reason.
"They could not prove to me that the language in the bill that I signed was any more restrictive on insurance companies than they are in Texas, in Arkansas, in Alabama," Landry said.