NAII FIGHTS EQ BILL

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.”