ABC Action News Jackie Callaway 11:24 PM, Apr 19, 2017 Small business owner Mike Hinsch’s trouble started after a mobile glass business replaced the windshields in three work trucks.Hinch’s auto policy exploded from $16,000 a year to $22,000 over the windshield claim.This plumber had no idea the glass company hit his insurer up for…Details
Assignment of Benefits (AOB) abuse is a fast-growing fraud scheme that is hurting Florida’s insurance consumers. While AOB is a long-established legal tool intended to allow vendors to receive prompt payment from insurers after doing emergency repair work in a home – without having to directly involve the homeowner – this process is being abused by a cottage industry of unscrupulous trial lawyers, water remediation firms and roofers. These bad actors are persuading homeowners to sign over the benefits of their insurance policies as a means for fraudulently inflating claims, filing thousands of lawsuits against insurers, and driving up attorney’s fees.
Bills are currently moving through the Florida Senate and House that would help end the AOB abuse and put homeowners back in control of the insurance policies they paid for. Below are links to news stories, fact sheets and other materials addressing how AOB abuse is hurting Floridians.