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...
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...
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 &...
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...
Report: Florida Water Loss Claims up 46 Percent in 5-Year Period March 2, 2016 By Amy O'Connor The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call...
Citizens Releases Analysis of Increasing Florida Water Loss Costs January 25, 2016 Water loss claims, exacerbated by assignment of benefits, are driving higher rates in South Florida and increasingly across the state,...
Florida Issues Data Call for Water Claims, Assignment of Benefit Costs November 10, 2015 The Florida Office of Insurance Regulation (OIR) ordered Florida’s largest property insurers on Oct. 23 to submit detailed information on...
Florida Regulators ‘Encouraged’ by Insurers’ Stress Test Results October 29, 2015 By Amy O'Connor Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in...