Florida House Bill Targeting Insurance Abuse Moves Forward
The Florida House of Representatives advanced House Bill 1421 after approving the bill 91-26. The bill is aimed at decreasing insurance claims abuse - specifically water loss claims - in Florida. The bill will allow policy holders to rescind an assignment agreement for any reason within seven days of signing and require the Florida Office of Insurance Regulation to maintain data on trends in assignment of benefits and related litigation. The bill also seeks to modify Florida's "one-way attorney fee" system, which is currently designed to be a protection for policyholders suing an insurance company.
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