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Assembly committee approves AB 597 to cap public adjuster fees and ban disaster solicitation
Summary
The Assembly Committee on Insurance voted unanimously to pass AB 597, a bill by Assemblyman Simba Harabedian that would cap public adjuster fees at 15% for claims tied to declared disasters, tighten contract disclosures and prohibit solicitations while emergency conditions exist. The bill was referred to the Appropriations Committee.
The Assembly Committee on Insurance voted 16-0 to pass AB 597, a bill by Assemblyman Simba Harabedian that would cap public adjuster fees at 15% of an insurance payout for claims tied to declared disasters, require clearer contract disclosures and ban solicitation of disaster survivors while emergency conditions exist. The committee referred the measure to the Assembly Appropriations Committee.
AB 597’s author told the committee the bill is intended to protect homeowners after wildfires, floods and earthquakes from allegedly predatory practices by some public adjusters. “When disaster strikes ... homeowners turn to their insurance policies to begin the process of rebuilding their lives,” Harabedian said. He described excessive fees, vague contract terms and aggressive…
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