Earlier this week, Gov. John Bel Edwards signed HB 57 by Speaker Clay Schexnayder (R-Gonzales), the Civil Justice Reform Act of 2020. LABI President and CEO Stephen Waguespack released the following statement:

“HB 57 is now law thanks to the hard work of a diverse coalition of stakeholders and a dedicated, bipartisan group of legislators who understood the urgent need for common-sense legal reform. This legislation passed with overwhelming majorities in both chambers and we appreciate Gov. Edwards signing the bill into law. The enactment of the meaningful reforms in HB 57 will help bring competition back to our insurance markets and provide both our state’s working families and job creators with affordable insurance options. While this is the culmination of many years of work for LABI and the entire business community, we look forward to working with the Governor and the Legislature in future sessions to bring more reforms that will improve our poor legal climate to the table. Our work has only just begun.”