Insurance agents from across Florida marched together on the state’s capitol Wednesday to deliver a message to Florida lawmakers: It’s time for assignment of benefits (AOB) reform. Read more from Insurance Journal here
Score one for the trial attorneys in their long-running battle with Florida’s property insurers over third-party claims assignments, but this year’s war is far from over. Read more from the Sun-Sentinel here
Florida’s Legislature is in session, and for the sixth straight year reform-minded Republicans are trying to shut down a trial-bar scheme that’s bleeding property insurers and sending Sunshine State premiums skyrocketing. Read more from the Wall Street Journal here
Paramount Disaster Recovery offered its potential clients a deal after Hurricane Matthew: Sign over your insurance claim and we’ll take care of the rest. Read more from the Daytona Beach News-Journal here
Right out of the gate, the Florida House took several major steps toward statewide insurance reform during the first week of the 2018 Legislative Session. Read more from Florida Politics here
Will 2018 finally be the year that property insurers and trial attorneys agree on legislation aimed at curbing costly claims abuses and excessive lawsuits? Read more from the Sun-Sentinel here
Florida’s ongoing battle with assignment of benefits (AOB) claims abuse was not a new topic in 2017, but it was certainly one of the hottest ones for Southeast readers. Read more from the Insurance Journal here
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
Within hours of a fire at Kelly Laub’s four-bedroom house in New Smyrna Beach, Fla., in June, four contracting companies showed up to offer rebuilding services. Each vendor wanted Ms. Laub to sign a document giving the contractor the rights to her homeowners insurance benefits, she said. In exchange, they offered to repair her home [...]
Below is a link to view a video produced by the Consumer Protection Coalition, which educates consumers on assignment of benefits issues. The Consumer Protection Coalition is a group of Florida associations, including the FPCA, working together to educate the media and legislators on AOB abuses. Click here to view the video