Lawrence Moon | Property Insurance Coverage Law Blog | September 2, 2017 It is widely accepted that insurance policies are generally not assignable by the policyholder unless the insurance company consents to the assignment. In most states, it is also well-established that after a covered loss has occurred, the policyholder ordinarily may assign the claim… Continue reading Assignment of Unaccrued or Contingent Benefits
Tag: Assignment of Benefits
Down…But, Not Out!
Anaysa Gallardo Stutzman | Zelle LLP | July 7, 2017 Assignment of benefits (“AOB”) have become a double-edge sword for the consuming public. While the public policy reasoning for their creation, to allow the insured to obtain immediate, necessary assistance in meeting their mitigation obligation and getting back to pre-loss condition, remains sound, the increased… Continue reading Down…But, Not Out!
Two Different Approaches to the Assignment of Benefits Issue
Sean Shaw | Property Insurance Coverage Law Blog | July 18, 2017 Assignment of Benefits (“AOBs”) has been an issue in the property insurance realm for several years. In fact, the Florida Legislature made a hard push to address the issue during the 2017 Session but was unable to do so. The two main AOB… Continue reading Two Different Approaches to the Assignment of Benefits Issue
Assignment of Benefits, Part 10: California
Charles Mathis | Property Insurance Coverage Law Blog | July 17, 2017 The requests from our readers keep coming and in this week’s installment of my blog series on Assignment of Benefits (“AOB”) we are taking a look at California and how AOBs are handled there. California Insurance Code § 520, states as follows, “[a]n agreement not… Continue reading Assignment of Benefits, Part 10: California