Oh No, Not Again! Assignment of Benefit Reform Failed. Now What?
Reform looked promising at first, but any chance at progress died in various Senate committees in the mad rush to adjournment. Some versions of reform passed in the House, but the end result is that AOB reform is off the table, at least until the next Legislative session, which opens on Jan. 9, 2018, writes Jason B. Wolf.
June 28, 2017 at 11:22 AM
5 minute read
For all the outrage mustered by the insurance industry about the devastating Assignment of Benefit (AOB) crisis afflicting Florida, our Legislature wrapped up its session earlier this month and did … wait for it … absolutely nothing.
That's right. Nothing happened, either in the regular session or the special session. Reform looked promising at first, but any chance at progress died in various Senate committees in the mad rush to adjournment. Some versions of reform passed in the House, but the end result is that AOB reform is off the table, at least until the next Legislative session, which opens on Jan. 9, 2018.
The key questions facing the industry are: What's next? Why did it fail? What will it take to actually enact reform?
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