The American Insurance Association (AIA) issued the following statement on Friday following the Senate’s vote on class action reform:
“It is tremendously disappointing that partisan wrangling and election-year politics thwarted the Class Action Fairness Act on Thursday night. A strong bipartisan majority of senators supports this important legal reform, which would help consumers and end years of well-documented abuses of our legal system. The bill failed not on the merits, but on unrelated political disputes,” said Melissa Shelk, AIA vice president, federal affairs. “The Class Action Fairness Act will make the American legal system fairer and simpler, and we will continue to advocate its passage this year.”
Was this article valuable?
Here are more articles you may enjoy.
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
