Even before hurricanes hit Florida over the last two years, residents were seeing their homeowner’s insurance rates increase sharply for more than a decade year after year. The culprit for these increases surrounds scams by crooked contractors assisted by a cabal of trial attorneys. You can read this op-ed by visiting the Daily Caller.
Assignment of benefits (AOB) abuse is rampant in Florida, enriching shady contractors and unscrupulous attorneys while driving up home insurance premiums for consumers across the state. An AOB allows an insurance policyholder to transfer the rights to insurance benefits to a third party, such as a contractor, to speed up the billing process. The contractor […]
In the aftermath of Hurricane Michael’s destruction, Florida’s home insurance costs will soon be reaching an all-time high, but not primarily due to violent storms or exceptional levels of flooding. It’s being driven by the abuse of a Florida insurance provision called “Assignment of Benefits” or AOB. This entire article is available at the Fort […]
Now that the elections are behind us, it is time for the Legislature to address the fraud that has increasingly pushed homeowner insurance rates higher each year. Florida is the nation’s top “judicial hellhole,” according to the American Tort Reform Foundation, and Assignment of Benefits (AOB) abuse is playing a big role in the dysfunction. […]
In Florida, non-catastrophic damages such as water leakage during a rain storm can be insured. When a homeowner faces insured damages, he or she will call a contractor to mitigate further damage and repair the original damage. The homeowner is usually offered an assignment of benefits (AOB) form that appoints the contractor to fix the […]
A vast scam engineered by unscrupulous attorneys and contractors is sending homeowners’ insurance premiums skyrocketing, and Florida lawmakers aren’t doing enough to stop it. The problem stems from a provision in Florida law called Assignment of Benefits (AOB). An AOB allows an insurance policyholder to grant insurance claim rights to a third-party, such as a […]
Florida’s Insurance Abuse is Spiraling Out of Control You’ve probably never heard of it, but an arcane provision in Florida’s statutes is fueling significant spikes in homeowners’ insurance premiums all over the state — and earning Florida the dubious distinction of being the nation’s worst “judicial hellhole.” Unscrupulous contractors, aided by their attorneys, are exploiting […]
A recent report by the American Tort Reform Foundation ranks Florida as the worst judicial hellhole. Along with a need for comprehensive tort reform, as the report points out, Florida has become the poster child for an insurance scam that enriches some attorneys and home repair companies at a big cost to insurance consumers. Here […]
This op-ed, published in the Miami Herald and written by Alan Daley, discusses a costly trend that is pushing up Florida’s homeowner premiums — “assignment of benefits” contractor fraud. The piece can be read and printed at the Miami Herald — http://www.miamiherald.com/opinion/letters-to-the-editor/article161321238.html.
Alan Daley wrote an op-ed cautioning the development of tax reforms that needlessly tax some services, like reinsurance. Such taxes would needlessly raise consumer prices without offsetting or adjusting any international taxes. His piece can be read at the Naples Daily News. Use Caution in Tax Reform Tax reform could provide a much-needed boost to […]