Insurance Commissioner David Altmaier issued the following statement regarding the passage of SB 122 out of the Senate Banking and Insurance Committee:
Commissioner Altmaier said:
“Chair Broxson has remained committed to bringing relief to Floridians who continue suffering from AOB abuse and the exploitation of Florida’s unique attorney fee structure. Today marks the beginning of National Consumer Protection Week, and the advancement of SB 122 is a win for consumers across our state.
“Addressing the AOB crisis will remain a top priority in the coming weeks and months. We must protect Floridians from the bad actors who seek to maximize profits at the expense of every policyholder in our state.”
About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm and Facebook.
