lawsuit

Historic Legislation Passes to Stop Abusive Insurance Litigation

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…

Chief Financial Officer Jimmy Patronis Debunks Top Hurricane Insurance Myths

5/9/2018 For Immediate Release: Wednesday, May 9, 2018 Contact: 850.413.2842, Communications@MyFloridaCFO.com Chief Financial Officer Jimmy Patronis Debunks Top Hurricane Insurance Myths TALLAHASSEE, Fla. – During National Hurricane Preparedness Week’s “Get an Insurance Check Up” day, Florida Chief Financial Officer (CFO) Jimmy Patronis reminds Floridians that now, more than ever, is the time to prepare for…

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’…

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…