Patrick Directs Senators to Study Insurance Claims Abuse
Lt. Governor Dan Patrick has directed the Business & Commerce Committee to study insurance claims handling practices and the impact on Texas consumers and the Texas insurance market.
Following is a statement from Alex Winslow, executive director of the policyholder advocacy organization Texas Watch:
We look forward to working with the Legislature to ensure that all Texas homeowners and businesses are able to get full, fair, and timely compensation from their insurance carrier.
The first priority for lawmakers should be to protect Texas homeowners and businesses. So, preserving decades-old legal protections that work to safeguard business and residential property owners from abusive insurance tactics is crucial in any proposed solution.
Lawmakers passed strong legislation during the 84th Legislature to address issues of fraudulent claims. SB 1060 and HB 1265 crack down on adjusters who push fraudulent claims by imposing stiff civil and criminal penalties.
Texas property owners want lawmakers to build on that progress by strengthening policyholder protections and ensuring valid claimants are paid in full and on time.
For more information on Texas Watch’s work to thwart insurance industry efforts to undermine key policyholder protections during the most recent legislative session, clickhere.