Miami Herald, @JeremySWallace Major reforms to Florida’s auto insurance industry would likely not produce much savings for drivers under a plan that cleared its first Senate committee on Thursday. State Sen. Tom Lee, a Hillsborough County Republican, acknowledged his effort isn’t as much about cutting auto insurance rates as it is making sure more people…
April 17, 2017 The Personal Insurance Federation of Florida (PIFF) is a leading property & casualty insurance trade association that advocates for a healthy and competitive marketplace for the benefit of insurance consumers in Florida. HB 47 – Relating to Texting While Driving Representative Stark Summary: Revises penalties for violations of Florida Ban on…
Source: Florida Office of Insurance Regulation and Insurance Journal The Florida Office of Insurance Regulation (OIR) has launched a new webpage as part of its efforts to educate Florida consumers about the state’s ongoing challenges with assignment of benefits abuse. The AOB resource webpage has been added to the OIR website and offers information about what an…
April 7, 2017 The Personal Insurance Federation of Florida (PIFF) is a leading property & casualty insurance trade association that advocates for a healthy and competitive marketplace for the benefit of insurance consumers in Florida. HB 47 – Relating to Texting While Driving Representative Stark Summary: Revises penalties for violations of Florida Ban on…
by Carrie Salls, FloridaRecord Apr. 1, 2017, 5:11pm TALLAHASSEE — A trend has emerged in the storm-battered Sunshine State in which a relatively small number of roofers and attorneys are utilizing assignment-of-benefits (AOB) clauses in homeowners’ insurance policies to sue insurance companies for more than the actual cost of repair or, in some cases, for non-existent…
March 31, 2017 The Personal Insurance Federation of Florida (PIFF) is a leading property & casualty insurance trade association that advocates for a healthy and competitive marketplace for the benefit of insurance consumers in Florida. HB 47 – Relating to Texting While Driving Representative Stark Summary: Revises penalties for violations of Florida Ban on…
March 29, 2017 Mitch Perry, Florida Politics Momentum remains strong in Tallahassee for the first bill in Florida to regulate ridesharing companies Uber and Lyft. On Tuesday, the Senate Judiciary Committee passed the proposal (SB 340) unanimously without debate. The bill, sponsored by St. Petersburg Republican Jeff Brandes, would require ride-sharing companies to carry $100,000 of insurance for bodily injury…
Insurance Journal March 29, 2017 Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company’s bottom line, according to a statement from the Florida state-run insurer. The Citizens Board of Governors was…
March 27, 2017 Drew Wilson, Florida Politics The Consumer Protection Coalition launched a radio and television ad campaign Monday to warn homeowners of how Assignment of Benefits abuse could cause insurance rates to skyrocket in Florida. Assignment of Benefits, or AOB, is a system where homeowners can sign over their insurance policy to a contractor…
March 27, 2017 Michael Moline, Florida Politics A House committee voted overwhelmingly Monday to do away with personal injury protection, or PIP, insurance in Florida. The vote in the Insurance & Banking Subcommittee was 12-2, with Jay Fant and Blaise Ingoglia the holdouts. PCS/HB 1063 passed despite concerns by insurers that they need stronger protections against bad-faith lawsuits by people…