FIC: Property Insurance Contingency Risk Multiplier Repeal Bill Now In Last Senate Committee
By: Katrina Callaway, FIC General Counsel A priority issue for the FIC Property Insurance Committee moved in the Senate again on February 4, 2020 when the Senate Judiciary Committee approved SB 914 with a vote of 4-2. Under the bill, a lodestar fee is presumed to be sufficient and reasonable in property insurance claims…