Daily Archives: February 6, 2018

60% spike in Florida home insurance rates without benefit-assignment reform

Orlando Sentinel R.J. Lehmann, Guest Columnist February 5, 2018 With just a month left in Florida’s 2018 legislative session, we are no closer than we were at the end of each of the past five sessions when it comes to resolving the assignment-of-benefits (AOB) crisis that has been roiling the state’s property insurance market. AOBs…

Florida Regulator Report Shows AOB Abuse Worsening Statewide

?Insurance Journal Amy O’Connor, February 5, 2018 The epidemic of assignment of benefits (AOB) abuse that has been plaguing Florida for several years is only getting worse, says a new report from the Florida Office of Insurance Regulation (OIR). The most recent data call of water or roof damage homeowners claims closed between Jan. 1,…