Illinois became the latest state to pass public adjuster reform legislation when the Illinois Public Adjuster bill (SB 1495) passed both houses of the legislature and will move on to the governor.
Indiana Gov. Eric Holcomb recently signed HB 1329, which involves data transparency and allows an insured to void or rescind a contract with a public adjuster.
Earlier this year American Property Casualty Insurance Association worked with industry partners to help Kentucky enact HB 232, which revises provisions governing the licensing of public adjusters, requires public adjusters to use written contract forms approved by the department of insurance, governs the fees charged by public adjusters, and prohibits conflicts of interest including other direct or indirect financial interests related to the claim.
“This is a continuation of APCIA work with lawmakers to protect consumers from being re-victimized by bad actors who sometimes target storm victims in the aftermath of disasters,” said Ronald Jackson, vice president, state government relations southeast region for APCIA.
Topics Illinois
Was this article valuable?
Here are more articles you may enjoy.
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’ 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Ryanair Passenger Partly Sucked From Jet After Window Breaks 
