Insurers and other businesses are spending millions on a referendum to overturn a new Washington law that eases requirements for filing bad faith actions against carriers, a trade group representative said today.

“This is a large-dollar, spirited campaign which is definitely running into the millions,” said Dana Childer a spokesperson for the Des Plaines, Ill.-based Property Casualty Insurers Association of America (PCI).

The business effort far outstrips a countercampaign by attorneys. So far it reports spending only a few hundred thousand.

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