News & Analysis as of

Property Insurance Fee-Shifting

Cozen O'Connor

Florida Enacts Broad Insurance Reforms Focusing on Bad Faith

Cozen O'Connor on

From 2019 to 2022, the Florida Legislature enacted four separate property insurance reforms that sought to rein in abusive property insurance litigation fueled by one-way attorney’s fee shifting and an army of professional...more

Rumberger | Kirk

Insurers Take Note: Florida's New Assignment of Benefits Law

Rumberger | Kirk on

The Florida Legislature passed House Bill 7065 (“HB 7065” or the “Act”), which takes effect today, July 1, 2019, as Section 627.7152, Florida Statutes. The Act regulates post-loss assignment of benefits (“AOB”) contracts...more

Carlton Fields

Florida Legislature Passes Sweeping Assignment of Benefits Legislation

Carlton Fields on

Significant changes appear to be in the pipeline for Florida property insurers after the Florida legislature passed sweeping assignment of benefits (AOB) reform legislation last week....more

Butler Weihmuller Katz Craig LLP

Not so Fast! The Confession of Judgment Doctrine in Dispute-Over-Amount Cases

Florida law allows an insured to recover attorney’s fees if the insured prevails in a lawsuit against the insurer for insurance benefits. See § 627.428, Florida Statutes....more

Cozen O'Connor

Florida Regulators Approve Policy Language Aimed at Limiting “Assignments of Benefits” Claim Practice

Cozen O'Connor on

Insurance companies that write property risks in Florida are getting in line to request approval from the Office of Insurance Regulation (OIR) for two key policy revisions intended to control losses from a water damage...more

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