February 13, 2017
For Immediate Release
Alex Winslow, (512) 476-3852
Statement on Filing of SB 10 and HB 1774
Below is a statement from Will Adams, Vice President of Legislative Affairs for the Texas Trial Lawyers Association, about the filing of SB 10 and HB 1774, related to the handling of insurance claims brought by Texas property owners:
Texas property owners rely on their insurance policy to rebuild their homes and reopen their businesses after a disaster.
The Insurance Code clearly outlines the responsibilities insurance companies have to their customers. To enforce the full, fair, and prompt payment of claims, property owners must maintain the ability to hold their insurance company accountable.
In cases where insurance companies can show fraud or abuse by a claimant, current law provides dozens of ways to dismiss those claims, allow insurers to recoup their costs, and sanction attorneys and public insurance adjusters. TTLA has and will continue to support efforts to strengthen those laws.
TTLA is committed to working with the Legislature and all stakeholders to ensure claims are paid fully and fairly, as well as guaranteeing accountability for anyone who attempts to game the system.
The bottom line is that, in exchange for paying their premiums year after year, property owners expect to have their claims paid fully and fairly. To enforce this basic obligation, Texans demand the right to hold their insurance company accountable.