Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Florida lawmakers fail to pass AOB reform

  • Laura Sanicola 20 March 2018
  • Lawmakers in Tallahassee have once again failed to tackle the assignment of benefits (AOB) crisis that reform advocates say is rapidly pushing up insurance rates and dragging down the Florida economy.

    The 2018 legislative session, which ended on 11 March, marked more than five years without the passage of a bill addressing AOB abuse after reform legislation stalled in the state Senate.

    AOBs allow an insured to sign over control of their homeowner's or auto policy to a third party,...

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