Miami, FL -- (SBWIRE) -- 02/08/2019 -- A recent Senate Bill 122 has been introduced with the intention of fixing the one-way attorney fee provision currently found in Florida's assignment of benefits (AOB) law. Attorney fees would be awarded solely to the policyholders that win the litigated claims instead of "vendors" that have been assigned benefits in the AOB agreement.
Currently, Florida allows landowners to transfer insurance benefits to contractors with the intention of pursuing payment from insurers for upfront work that is done.
Attempts to change AOB go as far back as 2013 but there has yet to a viable bill that has lead to genuine reform. In 2018, an AOB bill successfully made its way through the House but was halted when it went under review by the Senate Insurance and Banking Committee.
To read more about the bill, please visit https://www.watchdog.org/florida/proposed-lawsuit-reform-bill-gets-abbreviated-first-review/article_7d50ef30-1f1c-11e9-a5b5-c3d54b3b2194.html.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.
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Consisting of attorney Rafael Alonso, the law firm dedicates itself to representing businesses and individuals across South Florida in insurance disputes. The firm is passionate about serving its clients as a primary resource and partner in all aspects of their business growth and financial development. For more information call 305.676.7545 to speak with a Miami insurance attorney or to request a free consultation.