201904.24
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Florida Legislature Passes House Bill 7065

Florida Legislature Passes House Bill 7065! “The question remains whether this will help or hurt the insured?” TALLAHASSEE, Florida. (April 24, 2019) –  The Florida Legislature, as the state Senate today passed House-passed reforms to restrict assignment-of-benefits litigation. With the Senate’s passage, the bill, H.B. 7065, now moves to Governor Ron DeSantis. Under an assignment of benefits,…

201809.22
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Different Types of Contracts and Clauses. AOB

Assignment of Benefits (AOB) is an agreement that, once signed, transfers the insurance claims rights or benefits of the policy to a third party. An AOB gives the third party authority to file a claim, make repair decisions and collect insurance payments without the involvement of the homeowner. AOBs are commonly used in homeowners insurance claims…