HB 7071: Contingency Risk Multipliers
GENERAL BILL by Judiciary Committee ; Beltran ; (CO-INTRODUCERS) Maggard ; Sabatini
Contingency Risk Multipliers; Provides that, for certain attorney fees awarded for claims arising under property insurance policies, strong presumption is created that lodestar fee is sufficient & reasonable; limits circumstances for rebuttal.
Last Action: 3/14/2020 Senate - Died in Banking and Insurance
Bill Text: PDF
• Introduced -HJ 480
• Referred to Commerce Committee -HJ 485
• On Committee agenda-- Commerce Committee, 02/13/20, 9:00 am, Webster Hall
• Favorable by- Commerce Committee; YEAS 16 NAYS 7 -HJ 577
• Placed on Calendar -HJ 577
• Placed on Special Order Calendar, 03/03/20
• Read 2nd time -HJ 714
• Placed on 3rd reading
• Read 3rd time -HJ 739
• Passed; YEAS 72 NAYS 46 -HJ 740
• In Messages
• Referred to Banking and Insurance; Judiciary; Rules -SJ 478
• Received -SJ 478
• Indefinitely postponed and withdrawn from consideration
• Died in Banking and Insurance
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