ONE HUNDRED NINTH LEGISLATURE - FIRST SESSION - 2025 COMMITTEE STATEMENT LB482 Hearing Date: Tuesday February 11, 2025 Committee On: Banking, Commerce and Insurance Introducer: Ballard One Liner: Change provisions relating to attorney’s fees in insurance cases Roll Call Vote - Final Committee Action: Advanced to General File with amendment(s) Vote Results: Aye: 5 Senators Hallstrom, Hardin, Jacobson, Riepe, Wordekemper Nay: Absent: Present Not Voting:3 Senators Bostar, Dungan, von Gillern Testimony: Proponents: Representing: Senator Beau Ballard Opening Presenter Robert Bell Nebraska Insurance Federation Mike Hannon Nebraska Defense Counsel Association Mark Gokie Farmers Mutual Insurance Korby Gilbertson American Property Casualty Insurance Federation Opponents: Representing: James Eggers Millard Roofing Jacqueline Bouc Self Marcia Merchen Self Patrick Muhs Moose Roofing Theodore Boecker Self Neutral: Representing: * ADA Accommodation Written Testimony Summary of purpose and/or changes: LB 482 amends Neb. Rev. Stat. § 44-359, a law that allows plaintiffs to collect reasonable attorney's fees in successful actions they bring upon any type of insurance policy, except workers' compensation insurance, or upon any certificate issued by a fraternal benefit society, against any company, person, or association doing business in Nebraska. The bill would exclude a plaintiff’s ability to collect reasonable attorney’s fees in actions based on a post-loss assignment of rights or benefits arising out of a claim by a property owner for damage to insured property. Explanation of amendments: Committee Statement: LB482 Banking, Commerce and Insurance Committee Page 1 7d2b4737202306930dbb5628199fc7f0 AM 243 removes language from new subsection (2) of 44-359 to clarify that the subsection applies to any action based on a post-loss assignment arising out of a claim by a property owner for damage to insured property, not just actions based on the post-loss assignment of rights or benefits arising out of the claim. Mike Jacobson, Chairperson Committee Statement: LB482 Banking, Commerce and Insurance Committee Page 2 7d2b4737202306930dbb5628199fc7f0