More than a dozen Florida real estate, construction and insurance groups announced Tuesday that they are teaming up to push for homeowners’ insurance reform in the 2016 Legislative Session.
The Consumer Protection Coalition seeks to curb a practice known as “assignment of benefits,” where owners sign away their insurance policy to a third party who will collect on their behalf. The 17-member coalition, led by the Florida Chamber of Commerce, contends AOB is being abused to extract more cash from insurance payouts and will cause insurance premiums to skyrocket.
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