Approval of rate increases for Citizens insurance customers underscores need for Assignment of Benefits (AOB) reform

Approval of rate increases for Citizens insurance customers underscores need for Assignment of Benefits (AOB) reform TALLAHASSEE (Dec. 7, 2017) – This week’s approval of rate increases for policyholders in Citizens Property Insurance Corp. shows that Assignment of Benefits abuse is having a direct pocketbook impact on Florida families and is another clear indication that…

CONSUMER PROTECTION COALITION PRAISES HOUSE JUDICIARY COMMITTEE FOR PASSING ASSIGNMENT OF BENEFITS (AOB) BILL

Originally published by Consumer Protection Coalition   |   View Release TALLAHASSEE, Fla. (Nov. 14, 2017) – The Consumer Protection Coalition praised the House Judiciary Committee today for passing a bill that would protect consumers from Assignment of Benefits (AOB) abuse related to homeowners’ insurance. The bill, PCB JDC 18-01, contains commonsense consumer protections that would curb…

House AOB package clears committee despite some qualms

Michael Moline Florida Politics November 14, 2017   House assignment of benefits (AOB) legislation cleared its sole committee Tuesday and appears headed to the floor, despite reservations about its limits on attorney fees and lack of language directly sanctioning insurance fraud. Judiciary Committee members also expressed skepticism about insurers pressing policyholders to accept their preferred…

Bill aimed at reducing insurance claims abuses advances in state House

Ron Hurtibise, Contact Reporter November 14, 2017   Attorneys fees would be more difficult for “bad actor” water restoration companies and their attorneys to collect from insurance companies under a bill advanced Tuesday by the state House Judiciary Committee. The committee voted 13-5 to advance the bill to the full House despite concerns by some…

AOB Abuse Tops Agenda at Florida Chamber Insurance Summit

November 7, 2017 Insurance Journal   The Florida Chamber of Commerce brought together regulators, lawmakers, insurance industry executives and other stakeholders last week for the chamber’s annual insurance summit. Through several panel discussions on pressing and emerging issues facing the state’s insurance market, the summit touched on everything from recent cases expected to raise workers’…

PIFF URGES HOUSE TO ADOPT SENSIBLE REFORMS TO FLORIDA “BAD FAITH” LAW

  Contact: Michael Carlson President, Personal Insurance Federation of Florida PH: (850) 597-7425 michael.carlson@piff.net   FOR IMMEDIATE RELEASE   PIFF URGES HOUSE TO ADOPT SENSIBLE REFORMS TO FLORIDA “BAD FAITH” LAW   TALLAHASSEE, Fla. (Nov. 7, 2017) – The Personal Insurance Federation of Florida (PIFF) today urged members of the House Commerce Committee to pass…

CFO Patronis’ Insurance Consumer Helpline Recovers More Than $9 Million for Floridians in Third Quarter of 2017

For Immediate Release: October 25, 2017 Contact: Ashley Carr (850) 413–2842     TALLAHASSEE, Fla. – Florida’s Chief Financial Officer Jimmy Patronis today announced that assistance provided to Floridians by insurance specialists working Florida’s insurance consumer helpline (1-877-MY-FL-CFO) led to the recovery of nearly $9.3 million in the third quarter of 2017. Recoveries included insurance…

Committee meetings emphasize need for Assignment of Benefits (AOB) reform this session

TALLAHASSEE, Fla. (Oct. 24, 2017) – Legislative meetings about Assignment of Benefits underscored the need for comprehensive reform to end abusive AOB practices that are driving up the cost of property insurance and threatening the affordability of home ownership for many Floridians, the Consumer Protection Coalition said today.   Members of the Senate Banking and…