Loading chat...
FL S1910
Bill
AI Summary
- Amends Florida Statute 627.428 (attorney fees in insurance cases) by adding a new subsection (4) governing how courts award attorney fees
- Creates a strong presumption that a "lodestar fee" (base hourly rate multiplied by hours worked) is sufficient and reasonable, effectively limiting the use of contingency risk multipliers that can significantly increase fee awards
- Allows the lodestar presumption to be rebutted only in "rare and exceptional" circumstances where evidence shows competent counsel could not be retained in a reasonable manner
- Sponsored by Senator Gruters in the Florida Senate during the 2022 legislative session
- Effective date of July 1, 2022
Legislative Description
Contingency Risk Multipliers
Last Action
Died in Banking and Insurance
3/14/2022
Full Bill Text
No bill text available