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 Florida Senate today.
“APCIA applauds the Florida Senate for passing Senate Bill 1582, which is an important legal reform measure that creates a more transparent process for the filing of asbestos trust claims.
“Currently, plaintiffs’ attorneys are taking advantage of a loophole in existing law to increase their compensation for asbestos-related injuries. SB 1582 will put a stop to this type of legal abuse, and more importantly, it does not affect a person’s right to file an asbestos-related claim.
“Lawmakers should continue to support SB 1582 as it is a much-needed step in the right direction toward improving Florida’s crumbling legal climate.”