AOB Fraud and Abuse: Suspicious Activity is a Pocketbook Problem for Florida Families

The most recent edition of the Florida Chamber of Commerce’s exclusive member newsletter Chamber Insider highlights efforts to help consumers fight fraud and abuse associated with Assignment of Benefits (AOB). While AOB is a legal tool that can be used appropriately, it also provides an opportunity for shady repair companies to partner with trial attorneys…

Insurance, Real Estate Coalition Seeks Homeowners Insurance Reform in 2016

More than a dozen Florida real estate, construction and insurance groups announced Tuesday that they are teaming up to push for homeowners’ insurance reform in the 2016 Legislative Session. The Consumer Protection Coalition seeks to curb a practice known as “assignment of benefits,” where owners sign away their insurance policy to a third party who…

Personal Insurance Federation of Florida Applauds Efforts of Consumer Protection Coalition to Fight AOB Abuse

Personal Insurance Federation of Florida Applauds Efforts of Consumer Protection Coalition to Fight AOB Abuse TALLAHASSEE, Fla. Jan. 12, 2016 – The Personal Insurance Federation of Florida (PIFF) today applauded the formation of the Consumer Protection Coalition to push for reforms to end rampant Assignment of Benefits abuse. The Consumer Protection Coalition is a broad-based…

Fraud Pushing Up Premiums In Florida

By some accounts, Florida has the highest homeowner’s insurance rates in the country and rates keep rising, despite not having a major hurricane in the last decade. The culprit – a concentration of non-weather related water claims. In many cases, these claims are pushed along by unscrupulous contractors and attorneys. According to Citizens Property Insurance…

Consumers Need Legislative Fix to Home Repair Scam

on July 19, 2015 the Miami Herald ran the following op-ed by PIFF Executive Director Michael Carlson: For three years, state lawmakers have received mounting evidence about a scam in which frazzled homeowners are unknowingly signing away their insurance benefits to shady vendors during home repair emergencies. This spring’s annual legislative session melted down with…

Florida Homeowner Insurers Deluged by Assignment of Benefit Lawsuits

Although hurricane season has yet to cause havoc this year, 2015 has already been a brutal year for insurance companies which provide homeowners’ coverage in Florida. The problem for property insurers? No one is willing to take a firm position against the surge of Assignment of Benefits (AOB) lawsuits, which are proliferating to the point…

Assignment of Benefits Reform – 2015 Legislative Proposals: Protecting Consumers

PROTECTING CONSUMERS AGAINST INSURANCE SCAMS Overview Assignment of Benefits (AOB) is a legal tool intended to ensure the prompt payment of vendors (such as contractor repairing home damage) who provide services to policyholders without requiring a policyholder to be involved in the payment process. However, in recent years, unscrupulous trial lawyers and contractors (often water…

Assignment of Benefits Insurance Reform – 2015 Legislative Proposals: Fact Sheet

The issue: Assignment of benefits is a legal tool that allows a policyholder to direct their insurance company to pay a vendor directly for work performed to repair damage to a home or other property. However, in recent years, unscrupulous trial lawyers and vendors have used AOB to inflate claims and file costly lawsuits against…