TCAIS PRAISES COMMITTEE PASSAGE OF HAILSTORM CLAIMS REFORM (HB 1774)

April 4, 2017 TCAIS Hot News, Press Releases 0 Comments

FOR IMMEDIATE RELEASE
CONTACT:
Kirsten Voinis, (512) 922-7141 or [email protected]                                                               

TCAIS PRAISES COMMITTEE PASSAGE OF HAILSTORM CLAIMS REFORM (HB 1774)

The Texas Coalition for Affordable Insurance Solutions – representing the major home and auto insurance companies doing business in Texas – thanked members of the House Insurance Committee on Tuesday for passing House Bill 1774, which provides common sense reforms to curb hailstorm claims litigation which is harming both consumers and the insurance marketplace.

The following statement can be attributed to TCAIS Executive Director Beaman Floyd:

“Texans are suffering not just from the massive hailstorms that strike Texas, but their aftermath.

House Insurance Committee passage of House Bill 1774 is the first step to rein in out-of-control hailstorm insurance claim lawsuits that enrich a few individuals while threatening the availability and affordability of property insurance coverage for all Texans. HB 1774 ends abusive practices while providing continued consumer protections.”

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The Texas Coalition for Affordable Insurance Solutions (TCAIS) is an alliance of insurance providers and trade organizations committed to working with elected officials, the media and the public to find public policy solutions that promote a competitive insurance marketplace that maximizes benefits for buyers and sellers of insurance. TCAIS members include Allstate, Farmers, Nationwide, State Farm and USAA. You can find TCAIS at www.tcais.org or follow TCAIS on Facebook (/tcais) or Twitter (@tcais).

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