Tallahassee, Fla. — The American Property Casualty Insurance Association (APCIA) today issued the following statement, attributed to its Regional Manager of State Government Affairs Logan McFaddin, regarding assignment of benefits (AOB) legislation by the Florida House Civil Justice Subcommittee.
“The major influx of AOB claims and lawsuits is hurting Florida consumers and potentially driving up insurance costs for everyone. Assignment of benefits reforms are needed to protect policyholders from dishonest companies and individuals looking to take advantage of people in a desperate situation.
“Florida is ground zero for this type of abuse happening to both auto and homeowners, and it must be stopped. As we heard today, more victims are stepping forward and sharing their stories where they are entering legal battles without even knowing about it.
“We applaud the members of the House Civil Justice Subcommittee for advancing legislation to address AOB abuse in Florida, and look forward to seeing AOB reforms continue to move through the process.”