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Utah Senate approves timeline and penalty measures for insurers after debate
Summary
After extended floor debate, the Utah Senate passed Senate Bill 62 to set timelines and penalties for first-party auto insurance claims, aiming to deter insurers from lowballing policyholders and speed payments to injured drivers.
The Utah Senate voted to pass Senate Bill 62 on a roll-call vote after extended floor debate over whether insurers delay or underpay legitimate first-party claims.
Senator John Urquhart, the bill sponsor, told colleagues the measure was designed to create financial incentives for insurance carriers to pay claims promptly and fairly. “There are many cases where they lowballed the injured party,” Urquhart said, citing examples in which arbitration awards far exceeded insurer settlement offers.
The proposal would impose specified timelines for first-party claim…
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