The assignment of benefits (AOB) problem: will the Florida Legislature fix it?
The Florida Legislature is planning to take another stab at ending claims abuses blamed for property insurance rate hikes. Property insurers (homeowners and commercial property insurers alike) are battling the well-financed trial attorneys to bring an end to the manipulative self-serving generation of attorney fees from excessive lawsuits by repair contractors working under an affidavit called an assignment of benefits…