December 8, 2016      6:18 PM

TLR pushes hard for lawsuit limits on hailstorm claims

The Office of Public Insurance Council: “A statewide hail litigation crisis does not currently exist in Texas,” but TLR fires back “This is the largest lawsuit abuse we’ve seen in years"

The concerns over hailstorm litigation – and the need to address it next session – is overblown, the Office of Public Insurance Council told the Texas House Insurance Committee.

The cost of resolving hailstorm damage at the courthouse was a key insurance issue last session. It also made the top of Lt. Gov. Dan Patrick’s legislative priorities. But the results of a yet-to-be-completed Texas Department of Insurance data call would indicate the practice may not be having a significant impact on the state’s insurance market.

“A statewide hail litigation crisis does not currently exist in Texas,” OPIC Deputy Council Joe Matetich told House lawmakers.

By Kimberly Reeves

Copyright December 08, 2016, Harvey Kronberg, www.quorumreport.com, All rights are reserved