Florida policymakers, put consumers ahead of assignment of benefits abusers | Opinion
With the Florida legislative session now underway, one thing that should demand policymaker attention is the notoriety of being named by the American Tort Reform Association as the worst state in the country for litigation abuse for 2017. The first New Year’s resolution that lawmakers should make is to reform assignment of benefits (AOB).
Florida’s Office of Insurance Regulation defines assignment of benefits as “a document signed by a policyholder that allows a third party, such as a water extraction company, a roofer, or a plumber, to ‘stand in the shoes’ of the insured and seek direct payment from the insurance company.”