Search
 

Dems In Statehouses Trouble Insurers

GRAPEVINE, TEXAS--Measures that could increase insurers' lawsuit liability and cut into their bottom lines surfaced in statehouses across the country as Democrats took control in 2007, an official with

By Matt Brady | Updated on September 20, 2007

GRAPEVINE, TEXAS–Measures that could increase insurers’ lawsuit liability and cut into their bottom lines surfaced in statehouses across the country as Democrats took control in 2007, an official with the National Association of Mutual Insurance Companies said.

Among the more significant issues resurfacing, said NAMIC vice president of state and regulatory affairs Neil Alldredge, is third-party liability. These bills, he explained, make it easier for claimants to allege “bad faith” and file suit against their insurers in disputes as well as to seek additional damages.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.