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Florida Politics: Consumer Protection Coalition launches ad on Assignment of Benefits claims

March 28th, 2017|Daily News|

The Consumer Protection Coalition launched a radio and television ad campaign Monday to warn homeowners of how Assignment of Benefits abuse could cause insurance rates to skyrocket in Florida. Read more from Florida Politics here

Florida Politics: Chamber laments the rise of trial bar’s influence with Florida Legislature

March 23rd, 2017|Daily News|

The business community believes trial lawyers hold the upper hand in the Legislature for the first time in years. The business community is not happy about that. Read more from Florida Politics here

Sun-Sentinel: Florida property insurers avoid ratings downgrades

March 21st, 2017|Daily News|

Despite warnings in February of looming downgrades, insurance ratings firm Demotech has decided not to reduce financial strength ratings of any Florida carriers below A. Read more from the Sun-Sentinel here

William Large: Florida must end assignment of benefits abuse, self-serving windfalls

March 15th, 2017|Daily News|

A state law that was originally intended to give individual policyholders special rights in disputes with their insurance companies is instead being used by some repair vendors and their lawyers to generate a self-serving windfall. The problem is serious and growing, and it’s driving insurance costs higher and higher. Read more from William Large, President of the [...]

Insurance Insider: Florida AOB crisis flares as groups game system: study

March 14th, 2017|Daily News, News Coverage|

Florida's assignment of benefits (AOB) crisis can be partly blamed on a small number of lawyers and service providers who have helped fuel the explosive growth in lawsuits brought against insurers in recent years, a new study shows. Read more from Insurance Insider here

Sun-Sentinel: House version of claims reform bill omits one-way attorney fee ban

March 9th, 2017|Daily News|

A new House bill aims to reduce costly litigation against insurers by forcing benefits assignees to risk paying insurers’ attorneys fees if they lose. Read more from the Sun-Sentinel here

Orlando Sentinel: Insurance losses demand action from state lawmakers: Where We Stand

March 2nd, 2017|Daily News|

Hurricane season is still more than three months away, but a different kind of tempest is threatening Florida property insurers, their policyholders and the state’s economy. Read more from the Orlando Sentinel here

Insurance Journal: Heat Is on Florida Lawmakers to Fix Assignment of Benefits Crisis

February 16th, 2017|Daily News|

Florida’s insurance industry will apply significant pressure on lawmakers to pass assignments of benefit (AOB) reform in the upcoming legislative session as consumers face rate increases and a looming coverage availability crisis due to serious and costly abuse of the policyholder benefit. Read more from Insurance Journal here

Florida Politics: Report points to problems with AOBs, and a way around one proposed fix

February 15th, 2017|Daily News|

As the Legislature debates restricting attorney fees in insurance litigation involving assignment-of-benefits agreements, a tort-reform group has identified a way to circumvent that fix. Attorneys could convince policyholders to file suit in their own name. Read more from Florida Politics here

Palm Beach Post: Fla. insurers to get lower safety grades: How many? Demotech mum

February 13th, 2017|News Coverage|

The Florida Property & Casualty Association, representing a number of state-based companies, said this in a statement: “Ratings agency Demotech recently issued a press release advising they are making changes in the way they evaluate home insurance companies in Florida. This reflects their view of the state’s property insurance market which is deteriorating because of claim fraud, assignment of benefits abuse, and [...]