h_sa_2017a_2017-04-19t13:39:10z4 Hearing Summary

Date: 04/19/2017

Location: LSB A

07:27 PM -- SB17-191



Representative Willett and Representative Wist, co-prime bill sponsors, presented Senate Bill 17-191. Beginning on January 1, 2018, the bill eliminates the minimum post-judgment interest rate. It also requires that the interest rate on damages for personal injuries caused by tort be the same rate in statute as the post-judgment interest rate. It changes the date by which the Secretary of State is to establish the annual rate of post-judgment interest from December 21 to January 2 of each year.



07:37 PM -- Saul Sarney, Colorado Trial Lawyers Association, testified in opposition to the bill.



07:41 PM -- Gary Frisch, Professional Independent Insurance Agents of Colorado, testified in support of the bill.



07:43 PM -- Deborah Taussig, Colorado Trial Lawyers Association, testified in opposition to the bill. Ms. Taussig answered questions from the committee.



07:47 PM -- Andrew La Fontaine, State Farm Insurance, testified in support of the bill. Mr. La Fontaine answered questions from the committee.



07:52 PM -- Mark Hillman, Colorado Civil Justice League and Colorado Association of Commerce and Industry, testified in support of the bill. Mr. Hillman answered questions from the committee.



07:56 PM -- Rob Hunter, Farmers Insurance, testified in support of the bill.





07:59 PM



Representative Willett and Representative Wist made concluding remarks about the bill. Committee members made comments on the bill.