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- APCIA Supports Bad Faith Legislation to Stop Lawsuit Abuse
Tallahassee, Fla. — The American Property Casualty Insurance Association (APCIA) today issued the following statement attributed to its State Government Relations Manager Logan McFaddin in regard to the House Civil Justice Subcommittee hearing on bad faith reform.
“Florida’s legal system is being abused by trial lawyers looking to profit off of the auto insurance industry and its consumers by filing unnecessary bad faith lawsuits in the hopes of winning a large settlement, which leads to higher insurance costs for Florida families and businesses.
“We thank the House Civil Justice Subcommittee for addressing this important issue today and encourage Florida lawmakers to pass critical legislation this session that will protect consumers, restore fairness and put an end to shady legal tactics. “We look forward to working with our elected officials and all stakeholders to stop this type of lawsuit abuse once and for all.”
- Representing nearly 60 percent of the U.S. property casualty insurance market, the American Property Casualty Insurance Association (APCIA) promotes and protects the viability of private competition for the benefit of consumers and insurers. APCIA represents the broadest cross-section of home, auto, and business insurers of any national trade association. APCIA members represent all sizes, structures, and regions, which protect families, communities, and businesses in the U.S. and across the globe.
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