Stephen Waguespack From LABI Recaps The Legislative Session

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The head of the Louisiana Association of Business and Industry Stephen Waguespack spoke with Brian about the legislative session.

Why are auto insurance rates so high in Louisiana?

Stephen talks about what he considered to be the most important bill in the session which was house bill 372.  This bill dealt with tort reform in regards to Louisiana’s auto insurance rates.  He explained that the reason our rates are so high is because we have too many trial lawyers and taxpayers have to pay the bill.  It would require the insurance commissioner to do an analysis and reduce rates depending on how much money we save.  This bill did not pass and Waguespack talks about why.

Can state taxes be unconstitutional?

Waguespack talks about a bill that stated that if the state issued a tax and the court ruled it unconstitutional, then the state would have to pay it back.  This bill has made it through and is currently sitting on the governors desk waiting to be signed.  Stephen gives examples of what an unconstitutional state tax would be and what makes it unconstitutional.

What are the regulations on Uber and Lyft?

A new law was passed that creates a state wide framework for ride sharing services.  Waguespack explains that if you live in a certain parish and you’re trying to go to a neighboring parish you could get Uber to bring you there but they can’t bring you home because of a reciprocal agreement.  Now, because of the state wide framework, if you drive for Uber or Lyft you can pick up and drop of in any parish.

About author

Brian Haldane

Brian started in radio in late 2004 as a part-time board operator, but “made his bones” in the business a year later when Hurricane Katrina struck, catapulting him into a full time position covering both news and production of live broadcasts. Haldane was promoted to Program Director in 2008 and held that post until 2011 when he was recruited to help launch a new station. In 2011, Brian helped launch Talk 107.3 FM. He was the morning show co-host, and helped build the show and the station into a top 10 performer. From there, Brian has moved on to work in Inbound Marketing, where he strives to marry the worlds of traditional advertising w/ the marketing methods of tomorrow. He also hosts a number of podcasts, including The Red Bayou Show, which is featured here.

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