Tag: assignment of benefits

Drew WilsonMarch 11, 2016
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2min405
The Legislature didn’t pass any assignment of benefits legislation in the 2016 Session, and the Florida Property and Casualty Association said property owners can thank Miami Republican Sen. Miguel Diaz de la Portilla when their insurance premiums go up. The group described assignment of benefits, whereby policyholders can sign over their rights to a third party to get home […]

Phil AmmannMarch 1, 2016
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2min491
A Senate committee passed a bill seeking to reform assignment-of-benefits for water damage claims on property insurance rates across the state. LobbyTools reports that SB 1248, from Miami Republican Sen. Miguel Diaz de la Portilla, takes several steps to reduce abuse of AOB agreements, which allow third parties to claim the insurance benefits resulting from loss, […]

Staff ReportsFebruary 24, 2016
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12min196
The Florida House passed a wide sweeping economic incentives package (HB 1325) on Wednesday. The proposal includes the framework for Gov. Rick Scott’s proposed $250 million Florida Enterprise Fund. Chris Hudson, state director for Americans for Prosperity-Florida, said in a statement: “I want to start by commending the members of the Florida House that stood […]

Janelle Irwin TaylorFebruary 17, 2016
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3min456
The Senate Judiciary Committee on Tuesday postponed a vote on a measure that would regulate homeowners’ ability to sign over their right to collect insurance benefits to third parties. Logan McFaddin, state government relations manager for the Property Casualty Insurers Association of America (PCI), issued this statement: “Assignment of Benefits (AOB) abuse is a critical […]

Ryan RayOctober 27, 2015
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5min261
The legal maneuver known as “assignment of benefits” rivals or even outstrips mother nature herself as a threat to coastal Florida policyholders, according to a top staffer with a state-owned insurer and an insurance industry lawyer. At the Florida Chamber of Commerce‘s annual Insurance Summit at a Disney resort near Orlando, Angel Conlin, General Counsel for […]

Ryan RayOctober 27, 2015
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5min249
Amid a day of sometimes narrow, technical discussion among Florida insurers and industry advocates, The James Madison Institute’s Sal Nuzzo pulled few punches when it came to that familiar insurance enemy the trial lawyer, abetted by state government and the courts. Nuzzo cited annual reports by the Institute for Legal Reform that showed Florida slipping in its legal […]

Ryan RayOctober 27, 2015
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4min249
Opening the Florida Chamber’s annual Insurance Summit in Orlando, Chamber CEO Mark Wilson told the assembled crowd of insurance agents and industry advocates that a nasty battle is brewing between insurers and “billboard trial lawyers” – and that he intends to help insurers win. Speaking in Central Florida, which he said leads the world in advertisements for […]

Peter SchorschOctober 26, 2015
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5min652
In the wake of Hurricane Patricia‘s thrashing of Mexico, a pair of conservative think tanks are warning Florida to fix its storm-related insurance system. The James Madison Institute and R Street Institute released a policy brief last week,”Shoring Up Florida’s Property Insurance Market,” in which the organizations argue for the Legislature to pass reforms to “eliminate cost […]


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