Illinois House Decisively Rejects Lawsuit Loan Bill

Senate Bill 3322, the non-recourse litigation financing bill better known to tort reform supporters as the “lawsuit loan shark bill” went down to thundering defeat in the Illinois House of Representatives yesterday. The vote was 28 in favor, 87 against, and one representative voting present.

For free access to this article, you must be a registered user of NAMIC Online from a NAMIC-member company.

Not a registered user of NAMIC Online? Register today, it's free.

Get access to complete news article archives, and have access to other special reports. Learn about the benefits of becoming a registered user.

Salary Survey: Discounts for Participation & Membership

(317) 875-5250 - Indianapolis | (202) 628-1558 - Washington, D.C.

Contact NAMIC | Press | Advertise | Sponsor

We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.