The Issue: Assignment of Benefits was intended to allow vendors to get paid promptly by home insurers for performing emergency remediation or repair work without requiring the insurance policyholder to get directly involved in the payment. Download full infographic to learn more
This chart depicts the Total Property Insurance AOB Lawsuits for the Top 25 Property Insurance Companies by Policy County. Download Chart
This chart outlines the Assignment of Benefits Lawsuits – Property Only from 2004-2014 Download Chart
Demotech, Inc., a Columbus Ohio based financial analysis and actuarial services company, was the first company to review and rate independent regional and specialty insurers. Demotech reviews, rates and monitors more than 400 insurers countrywide, in all fifty states, including more than 50 insurers representing nearly 60% of Florida’s Homeowners’ insurance marketplace. The majority of…
The greatest element of economic damages in a personal injury lawsuit is often medical bills. In Florida, generally only the amount of medical treatment billed is admissible as evidence in trials. This is due to F.S. 768.76, which prohibits introduction of evidence regarding payments for medical expenses made on behalf of plaintiffs by collateral sources…
Creating a competitive and stable insurance market will help consumers find the best options at the best rates. We must continue initiatives like reducing the size and exposure of Citizens Property Insurance, reforming Florida’s Catastrophe Fund, spreading risk, reducing fraud claims and allowing for creative solutions for the issues homeowners and businesses face. Read what…