A House committee on Tuesday backed changes to a controversial practice that insurers and business groups blame for “skyrocketing” property-insurance rates in Florida. Read more from the Jacksonville Business Journal here
Republican Sen. Anitere Flores, who represents the Irma-battered Florida Keys, said Friday that property insurance will be the “main” insurance issue she will tackle in the upcoming legislative session. Read more from Florida Politics here
The following is an opinion piece authored by Harold Kim, executive vice president of the U.S. Chamber Institute for Legal Reform. Florida consumers are used to paying higher insurance premiums in the wake of devastating hurricanes. But an entirely preventable, human-driven phenomenon is now driving rates even higher: Assignment-of-benefits (AOB) claims, in which home-improvement contractors and [...]