News & Updates

AOB

Dismissal of AOB Case Leaves Unanswered Questions

Dismissal of AOB Case Leaves Unanswered Questions

The Florida Supreme Court recently decided by a 4-3 vote to dismiss its review of Restoration 1 of Port St. Lucie v. Ark Royal Insurance Company.  Interestingly, the three justices in the minority were Governor DeSantis’ recent appointees. The majority was comprised of four justices who were on the court when it accepted the case. The […]

Continue Reading →

AOB Reforms Take Effect

AOB Reforms Take Effect

Many proposals that passed in the 2019 legislative session take effect July 1.  This includes most portions of the Assignment of Benefits (AOB) reform bill passed by the legislature this year.  Although the legislature passed other legislature accelerating the effective date of a new method for dealing with attorneys’ fees, the core portions of the […]

Continue Reading →

Governor Signs AOB Reform Bill

Governor Signs AOB Reform Bill

Governor Ron DeSantis has signed HB 7065 reforming the use of assignments in Florida’s property insurance market. He also signed HB 337 relating to Florida’s court system and also accelerating the effective date of HB 7065’s attorney’s fee revisions. Most of the law changes relating to assignments of benefits (AOB) take effect July 1. However, […]

Continue Reading →

AOB Reform Ranks Among Top Issues of Session

AOB Reform Ranks Among Top Issues of Session

The 2019 Florida legislative session has come to a close.  After several years of “wait ’til next year” results on the Assignment of Benefits (AOB) issue, this year’s legislature finally passed much-needed reform.  Media outlets around the state are calling this one of the biggest results of the 2019 session. The legislature’s paramount duty, of […]

Continue Reading →

Legislature Passes AOB Reform

Legislature Passes AOB Reform

The Florida legislature has passed HB 7065 designed to curb abuses with “assignments of benefits” in Florida’s property insurance market. Among other things, the bill addresses problems with Florida’s one-way attorneys’ fee statute arising when commercial vendors use the statute in suits against insurers. The bill also allows insurers to adopt policy forms restricting assignments […]

Continue Reading →

AOB Reform Advances Without Auto Glass Fix

AOB Reform Advances Without Auto Glass Fix

The Florida House of Representatives has passed its version of Assignment of Benefits (AOB) reform. The bill has been a priority of key policymakers, including CFO Jimmy Patronis and Insurance Commissioner David Altmaier. You can learn more here. The bill is aimed at reducing abuses that have plagued the Florida property insurance market when consumers […]

Continue Reading →

AOB Reform Still Alive as Session Enters Stretch Run

AOB Reform Still Alive as Session Enters Stretch Run

The Florida Legislature is in the final month of its annual 60-day regular session. This year’s session concludes May 3. For many who follow Florida’s residential property insurance market, the question this year is the same as in recent years— is this the year assignment of benefits (AOB) reform will pass? Floridians throughout the state […]

Continue Reading →