FIC: One Way Attorney Fees Not Allowed in Rates Under Bill
By: Katrina Callaway, FIC General Counsel Sen. Farmer filed a very unfriendly bill relating to insurance rate setting on September 5, 2017. SB 258 prohibits attorney fees paid under the one-way attorney fee statute (s. 627.428) in insurance cases from being included in the insurer’s rate base and used to justify a rate or rate…