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assigment of benefits

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 […]

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Citizens Defers Action on Rates

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 […]

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