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Florida Legislature Passes Industry-Backed AOB Reform Bill

Florida
September 12, 2019
April 26, 2019
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Litigation from the abuse of assignment of benefits by third parties has grown exponentially in recent years; but that all may be changing.  After many failed attempts to curb assignment of benefit abuse, the Florida Legislature has passed a bill aiming to stem the number of lawsuits that have been filed in recent years.

Among several  key components, the bill would entitle policyholders and not the contractor and their attorneys executing AOB agreements, from seeking fees on behalf of the policyholder. Attorney fees would also be awarded on a sliding scale to the winning party in a suit, depending on the size of any verdict as compared to pre-suit settlement offers.

To access the entire bill click here.