ORLANDO,Fla. — Action 9 exposed some bogus offers to replace home roofs for free. In a hidden camera investigation, Action 9’s Todd Ulrich found out how the offers drive up the cost of insurance. The fliers left on front doors may claim a roof is damaged, and can be replaced for free. Several homeowners contacted…
View data demonstrating the shocking rise of AOB lawsuits in South Florida….Escalation of Assignment of Benefits Lawsuits
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…
View a presentation showing escalating trends in AOB abuse…Citizens Presentation on Assignment of Benefits
This chart depicts the Total Property Insurance AOB Lawsuits for the Top 25 Property Insurance Companies by Policy County. Download Chart
This chart outlines the Assignment of Benefits Lawsuits – Property Only from 2004-2014 Download Chart
Demotech, Inc., a Columbus Ohio based financial analysis and actuarial services company, was the first company to review and rate independent regional and specialty insurers. Demotech reviews, rates and monitors more than 400 insurers countrywide, in all fifty states, including more than 50 insurers representing nearly 60% of Florida’s Homeowners’ insurance marketplace. The majority of…