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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 […]
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 […]
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 […]
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 […]
AOB, assignment of benefits, property insurance, Insurance Regulation News, Florida Supreme Court
assignment of benefit claims, AOB, property insurance, Insurance Regulation News, Florida Legislature
Governor Ron DeSantis had many topics to choose from as he addressed the legislature at the outset of this year’s session. More information here. However, the Governor opted to touch upon the highlights rather than exhaustively list the priorities of his first session as Governor. Among these, Governor DeSantis discussed the need for AOB reform, calling […]
Florida Legislature, AOB, assignment of benefits, property insurance, Insurance Regulation News
SB 122, assignment of benefit claims, AOB, Insurance Regulation News, Florida Legislature
CFO Jimmy Patronis, AOB, Insurance Regulation News, Florida Legislature
