TCAIS LAUDS SENATE APPROVAL OF HB 1774 AS IMPORTANT STEP TO REIN IN ABUSIVE HAILSTORM INSURANCE CLAIMS LAWSUITS
The Texas Coalition for Affordable Insurance Solutions – representing the major homeowners insurance companies doing business in Texas – thanked the Texas Senate for passing House Bill 1774 on Wednesday.
The following statement can be attributed to TCAIS Executive Director Beaman Floyd:
“Texans cannot continue to endure abusive claims lawsuits that already are imperiling the availability and affordability of homeowners insurance in state where consumers suffer more loss from natural hazards on an ongoing basis than anywhere else in the country. Senate passage of HB 1774 establishes good sense protection from lawsuit abuse in the Texas marketplace while preserving rights and recourse for homeowners.”
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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).