Insurers Attack Maine's Bad-Faith-Claims Bill

Law360, New York (April 27, 2009, 12:00 AM EDT) -- A bill that would allow third-party claimants to take action against insurers in Maine will create an overly litigious insurance climate and raise liability costs, representatives from the American Insurance Association told state lawmakers Monday.

If enacted, the proposed legislation, known as Maine LD 1305, or “An Act to Provide for Prompt Resolution of Insurance Claims by Providing for a Direct Remedy by Consumers,” would increase litigation and insurance costs at a time when the state's policyholders and businesses cannot afford additional costs, the AIA testified...
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