Texas Lawmakers Rip Bill To Shorten Insurance Claim Limits

Law360, Dallas (March 12, 2013, 8:38 PM EDT) -- A Texas bill that would allow insurance companies to set a one-year deadline for policyholders to file claims and lawsuits got an icy reception at a Senate hearing on Tuesday, as lawmakers questioned whether it would protect insurers at the expense of average citizens.

In S.B. 851, Sen. Larry Taylor, R-Friendswood, proposes shortening the limitations period for commercial and residential property insurance, setting a two-year time limit from the date an insurer denies a claim and a three-year limit from the initial loss. The bill would...
To view the full article, register now.