Major Insurance Bill, With AOB Fix, Headed to DeSantis
Passage of the bill was a major victory for insurers and business groups, which have argued that assignment of benefits abuses and excessive litigation have driven up homeowners' insurance premiums.
April 25, 2019 at 12:05 PM
3 minute read
After a fierce lobbying battle that included arguments about insurance rates and “bad actors,” the Florida Senate approved an overhaul of the insurance practice known as assignment of benefits.
The 25-14 vote sends the measure (HB 7065) to Gov. Ron DeSantis, who quickly issued a statement saying he will sign it. Passage of the bill was a major victory for insurers and business groups, which have argued that “AOB” abuses and excessive litigation have driven up homeowners' insurance premiums.
“The exponential growth in AOB abuse has contributed to mounting insurance costs for Floridians for far too long,” DeSantis said in a statement. “In recent years, there have been calls for reform and today, the Legislature took action. I thank them for their efforts in getting this done and I look forward to signing this meaningful legislation into law.”
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