AUSTIN, Texas- Joe Woods, vice president, state government relations for the Property Casualty Insurers Association of America (PCI), today issued the following statement commending the Texas House of Representatives for tentatively passing HB 1774, which would help curtail hail lawsuit abuse and protect consumers.
“Damaging storms, like the ones we saw this week, are inevitable in Texas. But storm victims shouldn’t have to deal with the bad actors that try to profit off their misfortune.
“Homeowners need to be protected from the increasingly common practice where some lawyers partner with certain roofers and public adjusters to talk storm victims into suing their insurance companies by promising a big payout at no cost. HB 1774 will help stop lawsuit abuse by storm-chasing lawyers while ensuring policyholders still have all their legal rights if they feel their insurer acted in bad faith.
“Homeowners should know their insurers will be there for them in the aftermath of a storm and will work to make the claims process go as quickly and efficiently as possible.”
The bill is very likely to be approved by the House on Friday for third reading and final passage to the Senate.
Woods is available for media interviews.