Washington–The House overwhelmingly passed legislation yesterdayimposing sanctions for filing frivolous lawsuits and sent it on tothe Senate, which has already rejected it once.

But, while insurance industry trade associations voiced strongsupport for the bill, David Winston, senior vice president forfederal affairs at the National Association of Mutual InsuranceCompanies, admitted, "It will be much tougher sledding in theSenate, where 60 votes are required for passage."

Mr. Winston said that, "We will continue to push hard for Senateaction on the legislation, but it will take a Herculean effort toget it passed next year."

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.