By Teresa Heller, Sr VP of Claims for American Integrity Insurance Company Assignment of Benefits (AOB) – Definition In insurance claims circles, an AOB is typically used in certain lines…
Auto as well as homeowners Insurance rates for everyone are on the rise because of abusive practices. CLICK ON THE HEADLINE FOR MORE
Last year in South Florida, more than 55 percent of claims submitted involved an AOB or had legal representation before the claim was even reported to Citizens. CLICK ON THE HEADLINE FOR MORE
If the Legislature fails to address “assignment of benefits” abuses for a fifth-straight year, more private insurers will likely decide parts or all of the tricounty region are too risky and refuse to take new customers. CLICK ON THE HEADLINE FOR MORE
Banking and insurance panels from the state Senate and House will kick off this year’s efforts to solve the “assignment of benefits” problem that home insurers say will trigger annual insurance rate hikes for South Florida homeowners indefinitely if not resolved. CLICK ON THE HEADLINE FOR MORE
Critics say that assignment of benefits opens the door to fraudulent claims from contractors who ask insurance companies to pay more than necessary to complete a job. CLICK ON THE HEADLINE FOR MORE
Florida Gov. Ron DeSantis signed a sweeping property insurance bill on Friday. How much and when it will work to stabilize the stormy market are among the questions being asked.…
Homeowners can still recover prevailing-party fees if they file lawsuits directly against insurers, but the contractors cannot. By Jim Saunders | September 02, 2022 at 12:30 AM A Leon County…
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