Archive for May, 2010

Virginia Passes UIM Statute Amendment

During the 2010 session of the Virginia General Assembly, House Bill 93 (“HB 93″) was passed to amend Virginia’s existing underinsured motorist insurance statute, Virginia Code Section 38.2-2206 (“UIM Statute”), in an attempt to address concerns that UIM carriers could force protracted litigation because no incentives or penalties existed to encourage them to sit in good faith at the negotiating table during litigation.