Tag: assignment of benefits
Image via Palatka Main Street.

Michael MolineFebruary 17, 2017
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5min243
Legislation sought by regulators, insurance, and business interests to reform assignment of benefits agreements finally dropped Friday — and the first thing it would do is bar attorney fee awards to contractors who use those contracts to sue insurers. “Nothwithstanding any other law, as to suits based on claims arising under property insurance policies, attorney […]

Michael MolineFebruary 13, 2017
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6min735
As the Legislature debates restricting attorney fees in insurance litigation involving assignment-of-benefits agreements, a tort-reform group has identified a way to circumvent that fix. Attorneys could convince policyholders to file suit in their own name. A report, “Restoring Balance in Insurance Litigation,” released Monday by the Florida Justice Reform Institute, discusses that possibility in the […]

Michael MolineFebruary 7, 2017
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4min751
Insurance Commissioner David Altmaier laid out his office’s solution to the insurance assignment-of-benefits problem to Gov. Rick Scott and the Cabinet Tuesday, and it includes limiting contractors’ ability to recover attorney fees in litigation against insurance companies. Florida’s one-way attorney fee statute is intended to shield policyholders against legal bills if they want to sue their insurers for failure […]

Michael MolineJanuary 10, 2017
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5min593
Home repair contractors lashed out against calls for a crackdown on assignment of benefits agreements during testimony before a key Senate committee Tuesday, insisting such contracts protect homeowners and reputable remediation businesses. They argued instead for increased regulation of their industry, to put fly-by-night contractors out of business. “Would you please regulate us?” said Dave […]

Staff ReportsDecember 22, 2016
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2min384
Chief Financial Officer Jeff Atwater on Thursday announced the arrest of a Miami man on charges that he posed as a licensed public adjuster to defraud Citizens Property Insurance Corp. of nearly $100,000 in inflated insurance claims. Julian Garcia-Sellek faces multiple felony fraud and grand theft charges following an investigation by the Department of Financial […]

Michael MolineOctober 26, 2016
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4min351
The Florida Office of Insurance Regulation has no plans to draft its own legislative fix for rising workers’ compensation rates, but that doesn’t mean regulators are ignoring the problem, Insurance Commissioner David Altmaier said Wednesday. “We expect to be actively involved in that conversation,” Altmaier told reporters as his office’s biannual industry conference wound down. […]


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