A new earthquake bill would invite an avalanche of claims, according to the National Association of Independent Insurers (NAII). Senate Bill 1899 lifts the statute of limitations that would otherwise bar plaintiffs from filing claims resulting from the 1994 Northridge Earthquake. Sam Sorich, vice president and western regional manager for NAII, testified before the Senate Judiciary Committee that “the bill is an invitation for fraud.” Sorich said the costs of the bill’s “unfairness and uncertainty would be borne by all insurance consumers.”
Was this article valuable?
Here are more articles you may enjoy.
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings 
Amazon’s Ring Sued Over Facial Recognition Feature 
Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards From This Issue
