Tag: assignment of benefits

Staff ReportsAugust 7, 2018
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5min901
Two water and mold restoration companies have joined a Florida Chamber of Commerce-led effort to stop abuse of assignment of benefits agreements, or AOBs. They are Rytech and VetCor Services. Also joining the Consumer Protection Coalition Tuesday was the Insurance Information Institute and the National Insurance Crime Bureau. “Rytech is a strong supporter of the coalition and its […]

Staff ReportsJune 18, 2018
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2min459
A contractor is facing charges in an alleged $140,000 assignment of benefits scam that targeted 19 homeowners. The Florida Bureau of Insurance Fraud named Timothy Matthew Cox, who operated Nationwide Catastrophe Services Inc. and Restoration Response Services Inc. “Criminals who prey on Florida families after a hurricane or tropical storm are some of the worst […]

Michael MolineJune 13, 2018
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3min447
Hurricane Irma-related lawsuits surged at Citizens Property Insurance Corp. early this year, representing a nearly 50 percent increase in the company’s litigation load compared to the same period in 2017. More than 90 percent of those lawsuits originated in South Florida. The state’s insurer of last resort fielded 4,287 legal claims in January through April, […]

Guest AuthorJune 4, 2018
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4min300
Hurricane season charged into Florida Friday with one storm already on the books. Subtropical Storm Alberto dampened many Memorial Day festivities but serves as a good reminder that Floridians must be prepared for storms and the damage they may cause. Protecting against storms doesn’t end with stocking up on supplies and shoring up property. It […]

Staff ReportsJune 1, 2018
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3min804
A business group has issued an alert, tied to the start of hurricane season Friday, warning insurance policyholders against jumping into assignment of benefits agreements with any contractors they might call to make storm repairs. And never mind Subtropical Storm Alberto, which arrived unfashionably early over the Memorial Day weekend. Such AOB agreements aren’t necessary […]

Michael MolineMay 31, 2018
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3min805
State Farm is fighting a Hillsborough County judge’s order to turn over details of its claims-handling process to an auto glass repair shop that argues the insurer short-changed it for replacing a policyholder’s damaged windscreen. State Farm claims the information the judge ordered turned over during the spring comprises legally protected trade secrets. Disclosure, it […]

Guest AuthorMarch 16, 2018
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6min628
Florida lawmakers adjourned last week without taking action—for the second session in a row—on two issues that threaten Florida communities: distracted driving and assignment of benefits (AOB) abuse. Two issues that, without action, continue to hurt Florida motorists and Florida homeowners. Vehicle crashes and fatalities are rising sharply nationwide and in Florida. The National Safety […]


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