By Holly K. Soffer, Esq.
AAPIA has been active in many states this past Spring, and there have been some new laws passed, as well as some significant legislative proposals that would change the way you work if they become law. Scroll down for some highlights of the Spring/Early Summer legislative sessions from New Jersey, Illinois, Georgia, Colorado and New York.
New Jersey: There are two Bills currently before the legislature and one more in committee that affect public adjusters. Senate Bill 2472 proposes a 12.5% fee cap on all claims. AAPIA has been lobbying to educate the Senate on why that fee cap would be detrimental to consumers and public adjusters, and we are cautiously optimistic about the outcome. A companion Bill, the original Assembly Bill 3519 would impose a fee cap of 12.5% on catastrophic losses. We have supported this Bill as a more reasonable and consumer friendly alternative to Senate Bill 2472. There is another proposal in the works, still in committee and unlikely to be voted on as the legislative session winds down at the end of June, that would expand the prohibited acts section of the law, and impose a further ban on solicitation. We are closely monitoring that situation, but don’t foresee any movement on that proposal in this session.