May 03, 2017 | Daily Business Review
Assignments of Benefits and SB 1218Two competing insurer-backed bills (SB 1038 and HB 1421) have yet to be heard. These bills would, among other limitations, bar assignees from collecting statutory attorney fees and institute a prevailing party fee component. The industry argues AOBs and 627.428 lead unscrupulous contractors and their attorneys to submit fraudulent or inflated claims, increasing premiums. SB 1218 directly addresses the issue by mandating that any 627.428 fees paid by a property insurer, "may not be used to justify a rate or rate change," writes Christine A. Gudaitis.
By Commentary by Christine A. Gudaitis
8 minute read