Florida Senator Alleges ‘Smear Campaign’ After Industry-Backed AOB Bill Stalls April 5, 2017 By Amy O'Connor A bill backed by the insurance industry to curb the abuse of Florida’s one-way attorney fee statute in assignment of...
Citizens Seeks Florida Agents’ Help Fighting Water Claims Abuse March 30, 2017 By Amy O'Connor As the Florida property market fights what has so far been a losing battle against attorneys and unlicensed contractor firms...
Citizens Posts Net Loss of $27M for 2016; Says Water Losses, AOB Abuse to Blame March 29, 2017 Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as...
Heat Is on Florida Lawmakers to Fix Assignment of Benefits Crisis February 15, 2017 By Amy O'Connor Florida’s insurance industry will apply significant pressure on lawmakers to pass assignments of benefit (AOB) reform in the upcoming legislative...
Florida’s AOB Abuse by the Numbers: ‘Alarming Trend’ Reaches Crisis Point February 9, 2017 By Amy O'Connor Assignment of benefits abuse has escalated over the last five years to the point where it is now a serious...
Top Florida Stories of 2016: The AOB ‘Insurance Crisis’ December 13, 2016 By Amy O'Connor Assignment of benefits abuse has become such a well-known problem in the state of Florida this year that it now...
Heritage Revokes 14.9% Rate Increase Filing for Florida Homeowners July 13, 2016 By Amy O'Connor After review by the Florida Office of Insurance Regulation (OIR) and much criticism from Florida stakeholders, Florida-based Heritage Property &...
Florida’s Citizens Says AOB Abuse to Blame for Statewide Rate Increase of 6.8% June 23, 2016 By Amy O'Connor Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent...
Citizens Implements Contract Changes to Address Florida Water Losses May 10, 2016 Citizens Property Insurance Corp. is alerting policyholders to important policy changes beginning July 1 as part of the state-backed insurer’s...
Special Report: Execs Warn of Impending Florida Market Crisis Over Water Loss Claims May 3, 2016 By Amy O'Connor Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean...