Commissioner David Altmaier: It’s Time to Protect Consumers and Start Recovering from Years of Compounding Abuse
TALLAHASSEE, Fla. – Insurance Commissioner David Altmaier issued the following statement following today’s Senate Rules Committee’s vote on SB 122 limiting one-way attorney’s fees in related to assignment of benefits (AOB) agreements:
Commissioner Altmaier said:
“Year after year we have watched the AOB crisis negatively impact our consumers - many of which are recovering from hurricanes. Now, more than ever, is the time to pass meaningful reform so we can protect consumers and start recovering from years of compounding abuse.
“The passage of SB 122 is a significant step towards protecting Floridians from future AOB abuse and the leadership exhibited by Chair Benacquisto, Senator Broxson and countless members of the Florida legislature is admirable.”
For more information about this issue, visit the Office of Insurance Regulation’s (OIR) “Assignment of Benefits Resources” webpage.