Florida Governor Ron DeSantis has approved the recently proposed reforms to assignment of benefits (AOB) practices in the state, signing a bill to officially bring them into law. The Florida Legislature passed the reforms in April in an effort to stabilize the recent explosion in AOB litigation and provide policyholders with the tools to protect… Continue reading Florida Governor Signs AOB Reforms into Law
Tag: Assignment of Benefits
Fitch: Carriers Better Able to Estimate Loss Costs after AOB Reform
Fitch Ratings believes that insurance carriers in Florida will be able to better estimate loss costs following the passage of a new bill designed to curtail unnecessary litigation and assignment of benefits (AOB) abuse in the state. The reforms will limit the ability of third-party service vendors to take advantage of state laws originally intended… Continue reading Fitch: Carriers Better Able to Estimate Loss Costs after AOB Reform