Office Releases Assignment of Benefits Data Call Report
TALLAHASSEE, Fla. – The Florida Office of
Insurance Regulation (Office) has released the “2015 Review of Assignment of
Benefits Data Call Report", which provides aggregated results from a data
call requiring the participation of the top 25 personal residential insurance
companies writing Homeowners (HO-3) and Dwelling Fire policies. Other personal
residential property insurance companies also voluntarily participated in the
The overall purpose was to assist in
evaluating the impact to Florida's property claims as a result of an assignment
of benefits from a policyholder to a third party for water or roof damage
repair (i.e. water pipes busting, leaks from appliances, etc.).
A copy of the report can be accessed at: http://www.floir.com/siteDocuments/AssignmentBenefitsDataCallReport02082016.pdf.