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Letter to the Editor... Do not allow "Bad Faith Bill" to pass

To the Editor: The Minnesota trial lawyers are once again trying to secure a "Bad Faith Bill." They have a bill in the legislature that would affect everyone in our state. This bill would allow and encourage every claim on your homeowners, farm, ...

To the Editor:

The Minnesota trial lawyers are once again trying to secure a "Bad Faith Bill." They have a bill in the legislature that would affect everyone in our state. This bill would allow and encourage every claim on your homeowners, farm, business and auto policies to potentially result in a lawsuit. If this occurred, insurance companies would have no choice but to increase their insurance rates. Every consumer would be "taxed" with paying the increased insurance premiums. While an isolated group of consumers may receive an inflated settlement, the real beneficiaries would be the trial lawyers with the increased legal fees this process would generate.

Minnesota already has one of the toughest laws on the books to protect consumers and that is called the "Unfair Claims Practices Act" Minnesota Statutes 72A.20. This law is enforced by the Minnesota Department of Commerce which regulates and licenses insurance companies and agents. In fact, this law was passed when Mike Hatch was the Commissioner of the Department of Commerce.

Essentially, the trial lawyers are looking at ways they can make more money at your expense whether with the current bill in the legislature S.F. 1152 and H.F. 1251 or any other bill or amendment they may pursue. Please call your State Representative and State Senator and tell them vote "No" to any of the trial lawyers "Bad Faith Bills."

Steve Knutson, Esko

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