Originally published by Consumer Protection Coalition | Read News Release
TALLAHASSEE, Fla. (March 4, 2019) – The Consumer Protection Coalition today applauded the Senate Banking and Insurance Committee for advancing a bill designed to protect consumers from Assignment of Benefits (AOB) abuse.
“Today’s action is a huge victory for consumers and efforts to protect policyholders from increasing insurance rates,’’ said Edie Ousley, vice president of public affairs for the Florida Chamber of Commerce, which spearheads the coalition. “We are extremely grateful to Senate committee members for recognizing that the status quo is no longer a viable option and something must be done to stop AOB abuse. While this legislation still has a way to go, the Senate committee’s support is a significant step, and we look forward to working with Senate and House leadership on reaching commonsense legislation this session.”
The CPC praised Sen. Doug Broxson for bringing forward a bill to address the explosion of AOB-related lawsuits. SB 122 seeks commonsense solutions to addressing AOB abuse, including revisions to Florida’s one-way attorney fees, which are fueling AOB abuse.
The CPC joins Chief Financial Officer Jimmy Patronis, Florida Insurance Commissioner David Altmaier and Citizens Property Insurance Corp. President and CEO Barry Gilway in seeking AOB reform this session.
The Consumer Protection Coalition is a broad-based group of professionals advocating for reforms to end Assignment of Benefits (AOB) abuse. Members include the Florida Chamber of Commerce, American Property Casualty Insurance Association, Florida Justice Reform Institute, Florida Roofing and Sheet Metal Contractors Association, Insurance Information Institute, National Association of Mutual Insurance Companies, Personal Insurance Federation of Florida, Safelite Group Inc., Associated Builders and Contractors, Citizens Property Insurance Corp., Council of Property Claims Professionals, Florida Association of Insurance Agents, Florida Bankers Association, Florida Property and Casualty Association, Florida Realtors, Florida Refrigeration and Air Conditioning Contractors Association, Florida Retail Federation, Latin American Association of Insurance Agencies, National Insurance Crime Bureau, Professional Insurance Agents of Florida, Rytech and VetCor Services.