Southeast Officials Focus on Curbing Fraud, Rising Auto Rates, Flood Insurance, Distracted Driving
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, assignment of benefits, David Altmaier, AOB
News & Updates
AOB
‘I think we’re there’ on AOB reform, House insurance chairwoman says
Florida Legislature, Insurance Regulation News, property insurance, Florida Insurance Commissioner, assignment of benefits, David Altmaier, AOB
Citizens Defers Action on Rates
Citizens Property Insurance Corporation is delaying action on a proposed 2019 rate filing while it continues to look for ways to address concerns with assignments of benefits. Citizens’ board recently decided to defer a proposed 7.9% statewide average increase for its personal residential programs. The indicated rate need is much higher in some areas, but […]
Second DCA Upholds Multiple Assignments
Florida’s Second District Court of Appeal has upheld the ability of a policyholder to make multiple assignments under a homeowners insurance policy. Nicon Construction v. Homeowners Choice Property and Casualty Insurance Company involved a policyholder’s issuing assignments of benefits to two separate vendors. The insurer argued that upon the policyholder’s assigning the policy rights to […]
Session Heads Into Final Week
The 2018 Florida legislative session is drawing to a close, barring any extensions or subsequent special sessions. This year’s session has been unusual for issues outside of the typical annual cycles of budgets and other expected business. The 2018 session began with a lot of attention directed to the range of relationships between legislators, staff […]
Florida musn’t kick the can on assignment of benefits reform | Opinion
Florida Legislature, Insurance Regulation News, property insurance, assignment of benefits, AOB
AOB Restrictions Again Rejected in Fifth District
The 5th District Court of Appeal dealt another setback to insurers dealing with the “assignment of benefits” issue that continues to lead to rising insurance rates and restricted capacity in some areas of the state. The latest in a string of adverse judicial decisions came last week in Restoration 1 CFL, LLC v. ASI Preferred […]
House and Senate Maintain Differing Views on AOB Issue
Citizens Property Insurance Corporation, Office of Insurance Regulation, Travis Miller, Radey, Florida Senate, attorneys fees, Florida House of Representatives, radeylaw, water damage, assignment of benefits, AOB, water damage claims
Florida Agents March on State Capitol in Lawmaker Push to Reform AOB
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, AOB, FAIA
Florida policymakers, put consumers ahead of assignment of benefits abusers | Opinion
Florida Legislature, Insurance Regulation News, Florida Office of Insurance Regulation, assignment of benefits, AOB