Florida House Approves Assignment of Benefits Reform Legislation
From BestWire:
The nonpartisan R Street Institute, a free-market advocacy organization, commended the House vote.
“With similar legislation, S.B. 122, currently in the Senate Rules Committee, having previously cleared the Judiciary and Banking and Insurance committees, House passage of H.B. 7065 raises hopes that assignment-of-benefits reform may finally be enacted into law this year,” it said. “Abusive and even fraudulent AOB-related lawsuits have exploded in Florida in recent years, contributing to rising homeowners’ insurance premiums even during a decade-long hurricane drought.”
