Sun-Sentinel Columnist Randy Schultz’s column on the Assignment of Benefits (AOB) property insurance crisis shined a light on the need for a solution to the rampant fraud and lawsuit abuse occurring in our state. But it showed a lack of understanding on how insurance works. The author also implied that the numbers produced by Florida [...]
It’s time to prevent a handful of South Florida plaintiff’s attorneys from driving up home insurance premiums for everyone in Florida, three of Florida’s most powerful insurance officials told members of a key Senate committee Tuesday. Read more from the Sun-Sentinel here.
Through two straight years of political stalemate over assignment of benefits reform, legislative leaders have declared it would take a crisis to deliver a bill to the Governor’s office. Finally, according to state Rep. Cyndi Stevenson, “I think we’re there.” Read more from Florida Politics here
The new chairman of the Senate Banking & Insurance Committee identified his primary legislative target Monday as the “one-way” attorney fee system, which critics in the insurance and wider business community blame for escalating premiums. Read more from Florida Politics here