House insurance committee takes up bill revising insurance laws

A bill in the Missouri House is seeking to align some of the state’s key insurance laws more closely with the rest of the nation.

House Bill 1344, sponsored by Rep. Don Gosen, R-Chesterfield, would bring to Missouri insurance laws that have become the national standard, preserving the ability for insurers to handle claims in a way more consistent with the rest of the nation.

The reforms in the bill would help foster a collaborative relationship between the insurer and the insured, eliminating a current policy in Missouri that pits the two against each other. It also prevents the practice of “lawsuit shopping” by plaintiffs’ attorneys which only bring added costs into the insurance system, hurting consumers who purchase insurance.

The bill, which is supported by the Missouri Chamber of Commerce and Industry, was heard in the Missouri House Committee on Insurance Policy on Jan. 27.

“We know that insurance companies write policies in many different states. Missouri’s unique, harmful stance on these issues is an ongoing problem,” said Jay Atkins, general counsel and director of governmental affairs for the Missouri Chamber. “We are encouraging our elected officials to make these simple fixes and bring our state in line with much of the rest of the nation.”

For more information about insurance issues, please contact Jay Atkins, general counsel and director of governmental affairs for the Missouri Chamber, at
jatkins@mochamber.com or by phone at 573-634-3511.

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About mochamber

The Missouri Chamber of Commerce and Industry understands that the quality of life in our state depends on quality jobs for Missourians. To that end, we have one simple mission: to protect and advance Missouri business.

2 thoughts on “House insurance committee takes up bill revising insurance laws

  1. Pingback: House insurance committee takes up bill revising insurance laws … | Insurance Experts

  2. Pingback: House insurance committee takes up bill revising insurance laws … | Insurance Professionals

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