The Texas House voted this evening 91 to 55 for preliminary approval of HB 1774, one of the #BlueTarpBills pushed by the insurance industry and their allies this session. The bill slashes penalties for property insurers that wrongly delay weather-related claims, pushes cases into federal courts where it takes twice as long to receive justice, and threatens access to justice by increasing costs, delay, and risk for those wronged by insurers. The bill has broad application beyond hail claims and would impact millions of Texas property owners if signed into law.
Texans across the political spectrum are against The Blue Tarp Bills. The bills are a giveaway to insurance companies, striping policyholders of their legal protections and making it even easier for insurers to deny, delay, and underpay the valid claims of property owners. The Texas House will debate this dangerous legislation as early as this Thursday.
The Texas Senate Business & Commerce Committee voted 7-1 today to approve SB 10, one of the Blue Tarp Bills being pushed by the property insurance industry and their colleagues at TLR.
Texas Watch Executive Director Ware Wendell released the following statement: "This legislation threatens every property owner in this state. It is a giveaway to insurance companies at the expense of Texas families, businesses, churches, and schools. Lawmakers should represent their constituents, not the insurance industry."
The Supreme Court of Texas, long known as a business-oriented court, recently decided a landmark insurance case that provides clarity for insurance companies and policyholders, removing any argument for the Blue Tarp Bills (HB 1774 & SB 10).
HB 1774 and SB 10, more aptly referred to as the Blue Tarp Bills, reduce incentives for insurers to pay valid claims on time and in full. By slashing the penalty for insurers that delay and underpay Texas families, businesses, churches, and schools from 18% to 10%, the bills are a giveaway for insurers. The illicit profits they would make from slow-paying their customers would be...pure gravy.
Sign the petition to preserve policyholder protections here.