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

12 December 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.

Fuel a smarter strategy with our actionable market intelligence

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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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Fuel a smarter strategy with our actionable market intelligence

Topics

Aon names Schultz global vice chair of reinsurance solutions

Artex Risk Solutions acquires Risk International

Helene severity likely amplified by climate change: GC

Insured losses from Hurricane Helene estimated at $6.4bn: KCC

Beazley adds $290mn cyber ILW limit to its reinsurance protection

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.