summary
Introduced
12/07/2020
12/07/2020
In Committee
12/15/2020
12/15/2020
Crossed Over
Passed
Dead
04/30/2021
04/30/2021
Introduced Session
2021 Regular Session
Bill Summary
Providing that for certain attorney fees awarded for claims arising under property insurance policies, a strong presumption is created that a lodestar fee is sufficient and reasonable; providing that such presumption may be rebutted only under certain circumstances, etc.
AI Summary
This bill creates a strong presumption that a lodestar fee (the number of hours worked multiplied by the reasonable hourly rate) is sufficient and reasonable for attorney's fees awarded in claims arising under property insurance policies. This presumption can only be rebutted in rare and exceptional circumstances where there is evidence that competent counsel could not be retained in a reasonable manner. The bill aims to limit the use of "contingency risk multipliers" that can increase attorney's fees awarded in property insurance claims.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/SB 76 (Ch. 2021-77) (on 04/30/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2021/212 |
| BillText | https://www.flsenate.gov/Session/Bill/2021/212/BillText/Filed/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2021/212/BillText/Filed/PDF |
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