TCAIS LAUDS HOUSE APPROVAL OF HB 1774 AS IMPORTANT STEP TO REIN IN ABUSIVE HAILSTORM INSURANCE CLAIMS LAWSUITS
FOR IMMEDIATE RELEASE
CONTACT: Kirsten Voinis, (512) 922-7141 or [email protected]
The Texas Coalition for Affordable Insurance Solutions – representing the major homeowners insurance companies doing business in Texas – praised the Texas House of Representatives on Friday for final passage of House Bill 1774. The bill provides common sense reforms to curb hailstorm claims lawsuits and protect access to insurance coverage for all Texans.
The following statement can be attributed to TCAIS Executive Director Beaman Floyd:
“As massive hailstorms have pounded Texas in recent years, we’ve seen homeowners with storm damage become victimized again by opportunistic lawyers and others who see the consumer’s misfortune as a payday for themselves. Instead of helping homeowners, unnecessary lawsuits actually stand in the way of claims resolution. TCAIS thanks the Texas House for passing House Bill 1774 to end these abusive practices, continue consumer protections, and keep homeowners insurance both affordable and available throughout Texas.”
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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).