Monday, January 3, 2011

Impact of Bad Faith Lawsuits on Florida Consumers

George Meros, Jr., GrayRobinson, Tallahassee, released a report from Berkeley Research Group: The Impact of Bad Faith Lawsuits on Consumers in Florida and Nationwide. It will be used in support of the bad faith reform legislation proposed for the 2011 session.  In releasing the report Meros stated: "Here is the economist's report on the adverse impact of bad faith litigation on Florida's consumers. Note that it correctly states that a bad faith verdict cannot be included in the rate base but goes on to show how Florida's bad faith laws have a devastating financial impact nonetheless."

The report is at this link:  William Hamm study - The Impact of Bad Faith Lawsuits on Consumers in Florida.

Perry Cone practices insurance, compliance and government law, and provides consulting to in-house counsel, from the Tallahassee office of GrayRobinson. He writes from his perspective as a former general counsel, legal executive, and leader in the Florida insurance industry.

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