TALLAHASSEE, Fla. (March 6, 2019) — The Personal Insurance Federation of Florida (PIFF), a member of the Consumer Protection Coalition, is taking to Tallahassee airwaves to help explain the issue of assignment of benefits (AOB) abuse. The group is running radio ads on Tallahassee’s WFLA station to explain the need for reform. The 60-second ad…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.