Insight and Intelligence on the London & International Insurance Markets 24 Mar 2017
Florida AOB crisis flares as groups game system: study
- 9 March 2017
Florida's assignment of benefits (AOB) crisis can be partly blamed on a small number of lawyers and service providers who have helped fuel the explosive growth in lawsuits brought against insurers in recent years, a new study shows.
Eleven lawyers accounted for a quarter of all AOB cases brought to court from 2013 to 2106, while the Florida Justice Reform Institute study said one lawyer alone filed over 30,000 of the lawsuits against insurers from 2015 to last year. The...
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