Source: Florida Office of Insurance Regulation and Insurance Journal The Florida Office of Insurance Regulation (OIR) has launched a new webpage as part of its efforts to educate Florida consumers about the state’s ongoing challenges with assignment of benefits abuse. The AOB resource webpage has been added to the OIR website and offers information about what an…
April 7, 2017 The Personal Insurance Federation of Florida (PIFF) is a leading property & casualty insurance trade association that advocates for a healthy and competitive marketplace for the benefit of insurance consumers in Florida. HB 47 – Relating to Texting While Driving Representative Stark Summary: Revises penalties for violations of Florida Ban on…
by Carrie Salls, FloridaRecord Apr. 1, 2017, 5:11pm TALLAHASSEE — A trend has emerged in the storm-battered Sunshine State in which a relatively small number of roofers and attorneys are utilizing assignment-of-benefits (AOB) clauses in homeowners’ insurance policies to sue insurance companies for more than the actual cost of repair or, in some cases, for non-existent…
March 31, 2017 The Personal Insurance Federation of Florida (PIFF) is a leading property & casualty insurance trade association that advocates for a healthy and competitive marketplace for the benefit of insurance consumers in Florida. HB 47 – Relating to Texting While Driving Representative Stark Summary: Revises penalties for violations of Florida Ban on…
March 29, 2017 Mitch Perry, Florida Politics Momentum remains strong in Tallahassee for the first bill in Florida to regulate ridesharing companies Uber and Lyft. On Tuesday, the Senate Judiciary Committee passed the proposal (SB 340) unanimously without debate. The bill, sponsored by St. Petersburg Republican Jeff Brandes, would require ride-sharing companies to carry $100,000 of insurance for bodily injury…
Insurance Journal March 29, 2017 Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company’s bottom line, according to a statement from the Florida state-run insurer. The Citizens Board of Governors was…
March 27, 2017 Drew Wilson, Florida Politics The Consumer Protection Coalition launched a radio and television ad campaign Monday to warn homeowners of how Assignment of Benefits abuse could cause insurance rates to skyrocket in Florida. Assignment of Benefits, or AOB, is a system where homeowners can sign over their insurance policy to a contractor…
March 27, 2017 Michael Moline, Florida Politics A House committee voted overwhelmingly Monday to do away with personal injury protection, or PIP, insurance in Florida. The vote in the Insurance & Banking Subcommittee was 12-2, with Jay Fant and Blaise Ingoglia the holdouts. PCS/HB 1063 passed despite concerns by insurers that they need stronger protections against bad-faith lawsuits by people…
Published by the Orlando Sentinel March 27, 2017 An effort to ditch Florida’s no-fault auto insurance system is again on the move in the Legislature as reforms championed in 2012 by Gov. Rick Scott and state Chief Financial Officer Jeff Atwater haven’t held. The legislation is projected to save motorists an average of about $80 a year per…
Contact: Michael Carlson President, Personal Insurance Federation of Florida PH: (850) 597-7425 michael.carlson@piff.net FOR IMMEDIATE RELEASE TALLAHASSEE, Fla. (March 27, 2017) – The House Insurance and Banking Subcommittee today took an initial step toward repealing Florida’s fraud-riddled No-Fault/PIP auto insurance system with the passage of CS/HB 1063. Under the bill, the existing No-Fault/PIP…