Florida Gov. Ron DeSantis, Senate President Kathleen Passidomo and House Speaker Paul Renner on Wednesday introduced legislation they said would reduce “frivolous” lawsuits and prevent “predation” by trial lawyers.
The new measures include eliminating one-way attorney fees and fee multipliers for all lines of insurance, modernizing Florida’s “bad faith” statute and protecting small businesses from paying unreasonable damages, according to a statement from the governor’s office.
Eliminating one-way attorney fees for all insurance lines and fee multipliers is intended to discourage frivolous lawsuits, the statement said.
Florida̵7;s “bad faith” law would be updated to encourage good faith between both parties and promote the best interests of the consumer with consumer-focused protections to ensure bad actors are held accountable, the statement said.
The measures would also introduce changes designed to protect small businesses from being subject to unreasonable damages when they are not primarily at fault and set standards for awarding medical damages to prevent fraudulent practices, according to the statement.
The move follows efforts late last year to stabilize property insurance markets in the state.