Personal Insurance Federation of Florida Decries Demise of Legislation to Curb Assignment of Benefits (AOB) Abuse
Personal Insurance Federation of Florida Decries Demise of Legislation to Curb Assignment of Benefits (AOB) Abuse
Personal Insurance Federation of Florida Decries Demise of Legislation to Curb Assignment of Benefits (AOB) Abuse
A national consumer group calls it a “bad idea,” but Florida legislators just passed a law that lets insurers sets rates in a territory as small as a single ZIP code. HB 659 passed Thursday in the Florida Senate by a 34-5 vote. After a 111-5 vote in the House, it goes to the governor.…
Florida’s property insurance policyholders face paying higher rates due to the Legislature’s failure this legislative session to pass meaningful reforms to rein in fraud and abuse involving Assignment of Benefits (AOB). For the fourth straight year, legislators heard testimony about a rapidly growing scam in which shady home repair vendors pressure homeowners to sign away…
The first property insurance company that responded to Florida legislators’ 2013 call for more private flood solutions says it’s created another first. Homeowners Choice Property & Casualty has built what it says is Florida’s first regulated insurance company licensed solely for flood insurance. The website for the new company, called TypTap, went live on March…
TALLAHASSEE, Fla. – Uber has gone nuclear. That’s what Tallahassee insiders are saying after the ride-sharing giant launched attack ads claiming Senate President Andy Gardiner is blocking a bill that would stop Orlando from forcing Uber to charge its customers as much as taxis do. The aggressive tactics come after a bill by Rep. Matt Gaetz to strip…
By JIM TURNER AND DARA KAM THE NEWS SERVICE OF FLORIDA THE CAPITAL, TALLAHASSEE, March 1, 2016………. The Senate has scuttled efforts to reach a compromise on a heavily lobbied proposal involving app-based transportation services, an official from the ride-sharing service Uber said Tuesday. But Senate leaders said they’re still working to advance legislation, as…
By Charles Elmore – Palm Beach Post Staff Writer Hurricanes may have swerved away since 2005, but Florida’s homeowners still are taking direct hits on the wallet. Floridians pay the nation’s most expensive home insurance premiums, averaging $2,115, up from $2,084 a year earlier, statistics released Wednesday show. “The annual premium increases are not justified,”…
BY CARLOS LOPEZ-CANTERA Florida has taken some tough hits when it comes to major storms and bad weather in the past. Thankfully, it has been over 10 years since a major storm has hit the state. However, it is concerning that Florida homeowners are facing the highest home insurance rates in the country and still…
BY JIM TURNER The News Service of Florida Published: February 24, 2016 TALLAHASSEE — A new effort is underway in the Florida Senate to further regulate a controversial practice that property insurers say is leading to rate increases. The Senate General Government Appropriations Subcommittee on Wednesday unanimously approved a proposal (SB 1248) dealing with the…
NEW YORK, February 29, 2016 —Women have made great strides in the business world in the past few decades. And business insurance is essential to protecting their hard-earned capital, according to the Insurance Information Institute (I.I.I.). Forty years ago women owned just 5 percent of all small businesses in the United States. Today, they own…