• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video
You are here: Home / Government / After Years of Compounding Abuse, Policyholders Gain Protections

After Years of Compounding Abuse, Policyholders Gain Protections

Posted on April 24, 2019


Insurance Commissioner David Altmaier issued the following statement following today’s passage of HB 7065, sponsored by Senator Doug Broxson and Representative Bob Rommel, limiting one-way attorney’s fees related to assignment of benefits (AOB) agreements:

Commissioner Altmaier said:
“OIR’s main focus is to work towards decreasing insurance costs for consumers living in Florida, while balancing the solvency needs of companies operating in Florida. The passage of HB 7065 is a significant step towards stemming the insurance product affordability and availability crisis that has grown from years of compounding AOB abuse.

“To Chair Broxson and Chair Rommel, Senator Simmons, President Galvano and Speaker Oliva, CFO Patronis, Governor DeSantis and the many esteemed legislators who fought tirelessly to protect their constituents from AOB abuse, thank you. Your unwillingness to tolerate abusive, deceptive practices that benefit only a few, while increasing the cost of living for every hardworking Floridian, is a testament to your perseverance.”

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 OIR, please visit our website or follow us on Twitter @FLOIR_comm.

Share this article! Share on FacebookShare on Twitter

Filed Under: Government Tagged With: Florida Office of Insurance Regulation

Primary Sidebar

    Submit News    

Tom Brady Backing First Lady DeSantis’ New Resiliency Initiative for Students

Tampa Bay Buccaneers quarterback and recent Super Bowl champion Tom Brady is lending support to a new … [Read More...] about Tom Brady Backing First Lady DeSantis’ New Resiliency Initiative for Students

Governor Ron DeSantis’ State of the State Address

Provided below is the State of the State address as prepared for delivery. Opening Mr. Speaker, Mr. … [Read More...] about Governor Ron DeSantis’ State of the State Address

Governor Ron DeSantis and House Speaker Chris Sprowls Highlight Proposed Legislation to Combat Foreign Influence and Corporate Espionage

Governor Ron DeSantis was today joined by House Speaker Chris Sprowls and members of the Florida House and … [Read More...] about Governor Ron DeSantis and House Speaker Chris Sprowls Highlight Proposed Legislation to Combat Foreign Influence and Corporate Espionage

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2021 Capital Soup · All Rights Reserved ·