Bill Would Prohibit Using Attorney Fees to Justify Rate Change

A bill has been introduced in the Florida Senate that would prohibit attorney fees paid under the state’s workers’ compensation law and the Florida insurance code from being included in an insurer’s rate base. Senate Bill 256 would also prohibit insurers from using attorney fees to justify a rate change. The bill was introduced by Sen. Gary Farmer, D-Fort Lauderdale. It was referred last month to committees on Banking and Insurance, Appropriations, and Rules. The bill would take effect on July 1. ...