TALLAHASSEE, Fla. — The American Property Casualty Insurance Association (APCIA) today released the following statement attributed to its assistant vice president of state government relations, Logan McFaddin, in favor of Senate Bill 1582, by Senator David Simmons (R-Altamonte Springs), relating to Asbestos Trust Claims, which passed the Senate Rules Committee today.
“APCIA commends the members of the Senate Rules Committee for advancing SB 1582 to the full Senate.
“SB 1582 does not take away a person’s right or ability to file an asbestos-related claim. Instead, this good public policy creates a more transparent process for the filing of asbestos trust claims and closes the loophole that plaintiffs’ attorneys are taking advantage of in an attempt to increase their compensation for asbestos-related injuries.
“As SB 1582 is readied for the Senate floor, we urge support of this legislation as a positive step forward in creating a more fair and balanced judicial system in the Sunshine State.”