American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
    • Printer-Friendly Printer-Friendly PDF Export PDF Export

  • FOR RELEASE ON RECEIPT
  • March 24, 2015
  • PCI Commends House Subcommittee on Civil Justice for Addressing Bad Faith Lawsuits and Assignment of Benefits in Florida
  • TALLAHASSEE - The Property Casualty Insurers Association of America (PCI) commends the Florida House Subcommittee on Civil Justice for taking action to protect consumers with House Bill 1197 and House Bill 669 on bad faith lawsuits and assignment of benefits.

    “This is a great step for consumers as bad-faith lawsuits often target automobile insurers, and can place a heavy burden on policyholders. House Bill 1197 protects the public and prevents unnecessary lawsuits from being filed by third parties looking to make money off of consumers,” said Logan McFaddin, regional manager for state government relations at PCI. “This bill could also potentially shield Floridians from higher insurance costs, combat fraud and prevents added lawsuits from clogging up Florida’s court system.”

    “PCI is also pleased with today’s vote on House Bill 669 addressing assignment of benefits and is looking forward to continued dialogue with lawmakers to protect policyholders from fraudsters attempting to inflate claims costs, thereby leaving homeowners and insurers suffering through unnecessary litigation. We urge homeowners to always contact their insurance company before waiving their rights to a third-party contractor,” added McFaddin.
  • PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write more than $195 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 28 percent of the homeowners market, 33 percent of the commercial property and liability market and 35 percent of the private workers compensation market.
  • ###