WASHINGTON, D.C. (PRWEB) May 17, 2017
The American Insurance Association (AIA) praised the Texas legislature’s passage of hailstorm litigation reform legislation (HB 1774). HB 1774 passed the Senate by a vote of 21 to 7 earlier today. HB 1774 curbs lawsuit abuse related to hailstorm litigation by requiring notice before a suit can be filed to permit the insurer to address any outstanding claim issues. The legislation now heads to the Governor for his signature.
A statement from Fred C. Bosse, AIA’s Southwest region vice president, follows:
“Today’s passage of HB 1774 by the Texas Senate is an important step toward ending rampant hailstorm-related lawsuit abuse. Weather-related lawsuit abuse was not only creating an insurance claims crisis in parts of Texas; it was also subjecting homeowners to predatory adjusters and trial lawyers. HB 1774 prohibits this practice and provides a 60-day window for insurers to address any outstanding claims issues.
AIA applauds the Texas legislature for passing much needed legislation addressinghailstorm-related lawsuit abuse and providing Texans the relief they need. We specifically want to thank Chairman Kelly Hancock and Representative Greg Bonnen for their leadership and sponsorship of HB 1774. Additionally, AIA would like to recognize Texans for Lawsuit Reform for its tireless work in advocating for hail litigation lawsuit reform.”