FOR IMMEDIATE RELEASE Historic Legislation Passes to Stop Abusive Insurance Litigation Senate Bill 2A to Create Stability in Market, Protect Consumers TALLAHASSEE, Fla. (Dev. 14, 2022) – During a special session on insurance, Florida lawmakers today passed historic legislation that aggressively addresses problems deepening Florida’s property insurance market crisis. Senate Bill 2A now heads to…
News4Jax Jake Stofan, Tallahassee Correspondent Updated January 24, 2018 TALLAHASSEE, Fla. – Insurers from across the state were at the state Capitol on Wednesday advocating against a practice that allows contractors to sue the company without the policyholder’s knowledge. They blame what is called assignment of benefits for increased fraud and higher insurance rates in…
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…
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…
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…
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…
November 3, 2017 By Matt Dixon, Politico TALLAHASSEE — A panel of lawmakers on Friday stressed the need to pass insurance reforms in next year’s legislative session but also lamented that political gridlock is likely to make that very difficult. The three main issues discussed by the members, who were gathered at the…
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’…
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…
PortOrangeObserver.com By: Nichole Osinski, Staff Writer Hurricane Irma not only brought destruction, but according to Florida State Senator Dorothy L. Hukill, it is bringing changes. On Friday, Oct. 20, at the Riverside Pavilion, Hukill discussed the aftermath of the hurricane and new bills that will be filed in the upcoming legislative session. According to Hukill, the most recent…