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Committee advances bill to bar most post-loss assignment of property-insurance benefits, 8–7
Summary
The committee reported substitute House Bill 2,399 out of committee with a due-pass recommendation after close debate (8 ayes, 7 nays); supporters called post-loss assignments predatory, opponents said the ban could block homeowners from getting repairs after floods.
The Consumer Protection and Business Committee voted Wednesday to report substitute House Bill 2,399 out of committee with a due-pass recommendation following a split roll-call vote of 8–7.
Megan Mulvihill, staff to the committee, told members the bill prohibits post-loss assignment agreements that transfer post-loss property-insurance benefits from insured…
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