New Orleans CityBusiness - Gov. Blanco crashes auto insurance increases

Gov. Kathleen Babineaux Blanco today rejected a bill increasing the minimum liability coverage for Louisiana motorists.
Sen. Bill 223 by state Sen. Mike Michot, R-Lafayette, passed during the past session of the Legislature, called for raising the minimum liability auto insurance policy from 10-20-10 - $10,000 for bodily injury for one person, $20,000 for all injuries and $10,000 for property damage - to 25-50-25.
For weeks, it was unknown whether Blanco would approve or reject the bill.
In a letter today to Glenn Koepp, secretary of the Senate, Blanco said the bill would raise the cost of auto insurance and result in higher numbers of uninsured drivers.

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Blanco also rejected the increases on the basis they would not be phased in and, therefore, drivers would not have enough time to adjust to them.
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