Florida insurance reform bills propose $1bn reinsurance fund; stamp out AOB, one-way fees

December 12, 2022

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Florida’s state legislature has set out its aims for this week’s special session with a bill addressing key concerns including eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits (AOB) right.

Mirroring bills are going through the Senate (Senate Bill 2A) and House (HB 1A), which would also fund an extension of state reinsurance support with $1bn for 2023.

The

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Florida insurance reform bills propose $1bn reinsurance fund; stamp out AOB, one-way fees

Florida’s state legislature has set out its aims for this week’s special session with a bill addressing key concerns including eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits (AOB) right.

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Florida insurance reform bills propose $1bn reinsurance fund; stamp out AOB, one-way fees

Florida’s state legislature has set out its aims for this week’s special session with a bill addressing key concerns including eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits (AOB) right.

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Uncover exclusive insights tailored for insurance leaders

Topics

Aon-NFP $13.4bn takeover expected to close around April 25

Chubb elevates Scheffler to COO of Personal Risk Services unit

Unexpected Q1 nat cat losses highlight troubling US SCS activity

M&A Weekly Roundup: Alliant, Inszone, Omaha National, AJG, and more

WTW CRB NA slashes staff as part of ‘regular workforce planning’

Florida’s state legislature has set out its aims for this week’s special session with a bill addressing key concerns including eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits (AOB) right.