Florida Senate - 2020 CS for SB 914 By the Committee on Banking and Insurance; and Senator Brandes 597-02424-20 2020914c1 1 A bill to be entitled 2 An act relating to contingency risk multipliers; 3 amending s. 627.428, F.S.; providing that, for certain 4 attorney fees awarded for claims arising under 5 property insurance policies, a strong presumption is 6 created that a lodestar fee is sufficient and 7 reasonable; providing that such presumption may be 8 rebutted only under certain circumstances; providing 9 an effective date. 10 11 Be It Enacted by the Legislature of the State of Florida: 12 13 Section 1. Subsection (4) is added to section 627.428, 14 Florida Statutes, to read: 15 627.428 Attorney fees.— 16 (4) In an award of attorney fees under this section for a 17 claim arising under a property insurance policy, a strong 18 presumption is created that a lodestar fee is sufficient and 19 reasonable. Such presumption may be rebutted only in a rare and 20 exceptional circumstance with evidence that competent counsel 21 could not be retained in a reasonable manner. 22 Section 2. This act shall take effect July 1, 2020.