Missouri's New Law Levels The Playing Field For Insurers

By Philip Graham and Meghan Lewis (July 25, 2017, 3:49 PM EDT) -- On July 5, 2017, Missouri Governor Eric Greitens signed a bill modifying certain statutory provisions relating to settlement of tort claims. The bill, known as HB 339 and HB 714,[1] grants certain rights to insurers when a claimant and tortfeasor enter into a contract to limit recovery pursuant to R.S.Mo. § 537.065 and imposes new requirements on time-limited demands in R.S.Mo. § 537.058. The law becomes effective Aug. 28, 2017. This legislation is designed to limit currently legal, but abusive, practices against insurers in an effort to reform insurance "bad faith" litigation in Missouri....

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