(Credit: Dragonstock/Adobe Stock) 'We Need Clarity': Ga. House Weighs Bill to Study Impact of Tort Reform
The Republican-backed legislation would allow the State Insurance Commission to gather and track data including how many torts are filed against people holding an insurer's policy, attorney fees from those suits and the total value of the claims.
February 15, 2024 at 01:57 PM
3 minute read
What You Need to Know
- The first part of Kemp's tort reform package was introduced in the state House.
- The bill would create a study committee to track how tort reform affects insurance rates, attorney fees and case value.
- Proponents said that so far they've been relying on anecdotal evidence in support of tort reform and need data to back it up.
A bill described as "the first part of Gov. Brian Kemp's multiyear approach to tort reform," by its sponsor state Rep. Will Wade, R-Dawsonville, received a favorable Georgia House Insurance Committee reading on Feb. 15.
The Republican-backed legislation would allow the State Insurance Commission to gather and track data including how many torts are filed against people holding an insurer's policy, attorney fees from those suits and the total value of the claims. The intent is to determine the potential impact of tort reform efforts—to see how insurance companies assess tort-related risks, what parts of tort-related risk have the greatest impact on insurance premiums and to track the potential impact of newly passed tort reform measures. The current version of the bill also says the final report will include historic and predictive trends.
Georgia state Rep. Will Wade, R-Dawsonville. (Courtesy photo) This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
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