Florida HB 7065 News

Citizens CEO Notes Impact of AOB Reforms as New Rates to Take Effect in Florida

The head of Citizens Property Insurance Corp. says it is already seeing a difference in assignment of benefits (AOB) litigation since reforms passed by the Florida Legislature took effect in July. Meanwhile, many Citizens policyholders may see premium relief from …

Florida Regulator Approves Post-AOB Reform Rates for Citizens Policyholders

Florida’s insurance regulator has established 2019 rates for Citizens Property Insurance Corp. after the insurer resubmitted its rate filing as part of a requirement of the new assignment of benefits law that adjustments be made to proposed policyholder rates this …

Florida Governor Urges Lawmakers to Address AOB as Reforms Move Forward

Just over a week into the 2019 legislative session, insurance industry-supported bills aimed at reforming Florida assignment of benefits (AOB) abuse are making progress in the state legislature. Lawmakers in the Florida House of Representatives and Senate have each advanced …