OIR Report Shows Need to End AOB Abuse, Coalition Says Consumers Could Face Higher Premiums Without Reforms, Report Says
TALLAHASSEE, Fla. (Feb. 8, 2016) – A new report by state insurance regulators shows that water damage claims and the use of Assignment of Benefits (AOB) are rising rapidly across Florida and underscores the urgency for state legislators to enact meaningful reforms during the 2016 legislative session, the Consumer Protection Coalition said Monday.The analysis conducted by the Florida Office of Insurance Regulation of water claims data provided by the top 25 private homeowners’ insurance companies in the state, shows that the frequency of water damage claims