Insurance office foresees difficult road ahead of new assignment of Florida benefits law
TALLAHASSEE — Although Florida’s assignment of benefits reform came into effect July 1, the state’s Office of Insurance Regulation sees a long road ahead before changes in the state’s insurance policy will trickle down to consumers.
The insurance reform – known as House Bill No. 7065 – was signed into law by Gov. Ron DeSantis in May and aims to curb the assignment of benefits litigation that has, ultimately, increased insurance premiums for consumers in the Sunshine State.