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

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

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.