Chip Merlin | Property Insurance Coverage Law Blog | December 3, 2018 The National Association of Public Insurance Adjusters held its mid-year meeting last week and the topic of assignment of benefits, commonly referred to as AOB’s, was on the agenda. Lisa Miller, an insurance lobbyist and regulator I have come across for over twenty-five years was the… Continue reading Contractors Versus the Insurance industry—AOB’s Are Under Attack
Tag: Assignment of Benefits
Are You Being Scammed? — Assignment of Benefits in Property Losses
John Hopkins | Searcy Denney Scarola Barnhart & Shipley | October 12, 201 According to the Coalition Against Insurance Fraud, about $80 billion is stolen every year by unscrupulous companies supposedly acting in the best interests of U.S consumers during critical moments. Hurricane Michael passing across the Florida Panhandle is one of those critical moments.… Continue reading Are You Being Scammed? — Assignment of Benefits in Property Losses
Florida Court of Appeals Creates Hurdles to Assignment of Benefits
Margo Meta | The Policyholder Report | October 5, 2018 Last month, the Florida Court of Appeals for the Fourth District weakened assignment-of-benefits claims after it held that an insurer may require all insureds and mortgagees to provide written consent prior to executing an assignment of benefits agreement. In Restoration 1 of Port St. Lucie v.… Continue reading Florida Court of Appeals Creates Hurdles to Assignment of Benefits
Appellate Court Disagrees with Sister Court on Assignment of Benefits
Erin Dunnavant | Property Insurance Coverage Law Blog | September 9, 2018 In December of last year, my colleague Ashley Harris discussed Security First Insurance Co. v. Florida Office of Insurance Regulation,1 where the Florida Fifth District Court of Appeal (Fifth DCA) upheld the Office of Insurance Regulation (“OIR”) prohibition of proposed language in an insurance policy that… Continue reading Appellate Court Disagrees with Sister Court on Assignment of Benefits
Florida Court Rejects Property Insurer’s Effort to Limit Assignment of Benefits
Heidi Hudson Raschke | PropertyCasualtyFocus | December 4, 2017 An assignment of benefits (AOB) is a legal tool that allows a third party to be paid for services performed for an insured property owner who would normally be reimbursed by the insurance company directly after making a claim. An AOB is commonly used when a… Continue reading Florida Court Rejects Property Insurer’s Effort to Limit Assignment of Benefits