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Subcommittee advances bill to let courts charge 15% interest on property-claim judgments
2901426 · April 8, 2025
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Summary
Senate Bill 726 would authorize courts to assess 15% interest on judgments for property insurance claims to encourage faster insurer settlements; the committee advanced the bill and recommended it to the next committee.
Representative Tedford presented Senate Bill 726 and told members the bill would permit courts to assess 15% interest on judgments in property insurance claims, similar to an existing state rule for uninsured motorist claims.
Tedford said the measure aims to shorten claim cycle…
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