Fair Settlement

Florida is considered one of the worst states in the country for exposure to socalled bad faith litigation. Florida law doesn’t require claimants who are not the policyholder to send a demand or clearly state the amount of money to achieve a fair settlement. This absence of clear rules to satisfy a demand has enabled…

Assignment of Benefits Reform – Watch this Revealing Video

Florida homeowners are paying more in insurance premiums because of a scheme that abuses the “assignment of benefits” (AOB) law. In recent years, dishonest trial lawyers and contractors — generally water remediation firms, roofing contractors and plumbers — have come up with a new scheme involving AOBs and bilking the system. HB 669 and SB…

Personal Insurance Federation of Florida Releases TNC Legislation Guidelines

INSURANCE JOURNAL:  Transportation network companies such as Uber and Lyft represent a promising technology that can serve consumers well in the future, but Florida legislators should clarify the insurance requirements for these services in state law in order to adequately protect both drivers and passengers, according to a statement by the Personal Insurance Federation of…

Assignment of Benefits Reform – 2015 Legislative Proposals: Protecting Consumers

PROTECTING CONSUMERS AGAINST INSURANCE SCAMS Overview Assignment of Benefits (AOB) is a legal tool intended to ensure the prompt payment of vendors (such as contractor repairing home damage) who provide services to policyholders without requiring a policyholder to be involved in the payment process. However, in recent years, unscrupulous trial lawyers and contractors (often water…

Assignment of Benefits Insurance Reform – 2015 Legislative Proposals: Fact Sheet

The issue: Assignment of benefits is a legal tool that allows a policyholder to direct their insurance company to pay a vendor directly for work performed to repair damage to a home or other property. However, in recent years, unscrupulous trial lawyers and vendors have used AOB to inflate claims and file costly lawsuits against…