Insight and Intelligence on the London & International Insurance Markets 24 Jan 2018
Florida AOB reform effort moves forward in House
- 15 November 2017
Assignment of benefits (AOB) reform proposals in Florida took a small step forward yesterday when lawmakers in the state House of Representatives approved a new measure aimed at reining in abuses blamed for driving homeowners' rates sharply higher in recent years.
The measure resurrects an attempt to curb actions by unscrupulous contractors and lawyers that insurance industry advocates and state regulators say are increasing claims costs, especially in the Miami metropolitan area. That effort failed in May before the state...
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