The Maryland General Assembly is considering legislation that would make using arbitration to settle insurance disputes illegal.
If approved, this bill would force all insurance related legal cases to go to trial. Litigation is an expensive process that can entail thousands of dollars in unnecessary costs for attorney fees and court costs. These costs will then have to be passed onto consumers through higher insurance rates.
This legislation will force insurers to sue each other in the future, when arbitration is now commonly used to handle many of these disputes.
Arbitration helps limits costs and resolves conflicts quickly and efficiently.
This legislation will flood courts with additional litigation, requiring increased state and county resources to handle the additional cases that will be brought into the system.
Please help stop this blatant attempt by Maryland trial lawyers to pick the pockets of insurance companies—and ultimately of insurance consumers in the state.
If you live in Maryland, please contact your legislators, the Senate Judicial Proceedings Committee and the Governor and urge them to vote no on HB 577.
For the full story and to take action on this issue go to:
http://capwiz.com/aaamidatlantic/state/main/?state=MD&view=myofficials
Contacts must be made immediately, as HB 577 has already passed the House and is scheduled for hearing in the Senate on Thursday, March 20.
Thank you in advance for your participation in this important effort.
Sincerely,
Ronald W. Kosh
Vice President
Public & Government Affairs