Connect with us

Headlines

Senate works on ‘AOB’ insurance proposal

Galvano said he expects it to be ready when lawmakers return to Tallahassee for the Legislative Session.

After a bill stalled this month in the Senate Banking and Insurance Committee, Senate leaders are working on a revised proposal to address the controversial insurance practice known as assignment of benefits, Senate President Bill Galvano told reporters Friday.

Galvano said Banking and Insurance Chairman Doug Broxson, a Gulf Breeze Republican, and Judiciary Chairman David Simmons, an Altamonte Springs Republican, have been working with other lawmakers on the issue.

Galvano said he expects it to be ready for consideration by the Banking and Insurance Committee when lawmakers return to Tallahassee for the March 5 start of the annual Legislative Session. The Banking and Insurance Committee is scheduled to meet March 4, the eve of the session.

Assignment of benefits, or AOB, is a decades-old practice that has become highly controversial in recent years. In assignment of benefits, homeowners in need of repairs sign over benefits to contractors, who ultimately pursue payments from insurance companies.

Insurers contend that the practice has become riddled with fraud and litigation, while plaintiffs’ attorneys and other groups say it helps make sure claims are properly paid.

Broxson proposed a bill (SB 122) that would have addressed the issue by limiting attorney fees. But the Banking and Insurance Committee tabled his proposal Feb. 11 after it became apparent the measure would fail if brought up for a vote.

Galvano did not discuss details of what might be included in the revised proposal.

The News Service of Florida provides journalists, lobbyists, government officials and other civic leaders with comprehensive, objective information about the activities of state government year-round.

Nikki Fried may soon target stores selling CBD oil

Headlines

Facepalm Facepalm

Alimony reform group hits new low with derogatory Facebook post

Emails & Opinions

Lenny Curry defends using uniformed cops in political ads

Jax

On butt lifts and “Dr. Miami”

Emails & Opinions

Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch

Contributors & reporters: Phil Ammann, Jim Rosica, A.G. Gancarski, Joe Henderson, Janelle Irwin, Dan McAuliffe, Michael Moline, Jacob Ogles, Scott Powers, Bob Sparks, Andrew Wilson.
Email: Peter@FloridaPolitics.com
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704

Connect
Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.