This afternoon, the Senate Banking and Insurance Committee will take up important legislation that will improve Florida’s legal climate. SB 632, sponsored by Senator Garrett Richter (R-Naples), requires written notice to an insurance company as a precedent to filing a bad faith lawsuit. The insurance company is then given 45 days to settle the claim and payout the provisions of the insurance policy.
Please click the “Take Action Now” button to email key lawmakers on this committee and urge them to support SB 632.
A recent study by the Insurance Research Council found that bad faith lawsuits resulted in an additional $800 million in automobile liability claims payments, which breaks down to $79 per automobile policy. Not only does our litigious legal climate put Florida in the bottom 10 for favorable legal climates, but it’s increasing costs to Florida consumers.
This legislation is important to Florida’s business community because the bill:
- Allows insurers to act in good faith prior to a bad faith lawsuit being brought forward;
- Decreases frivolous litigation by trial lawyers; and
- Improves Florida’s legal environment under which businesses operate.
Take Action Now
Urge key lawmakers to support legal reform efforts.