Florida’s Trial Bar Hurricane

Legal abuse threatens insurers that absorb extreme weather risk.

Wall Street Journal—Opinion

March 14, 2017 6:57 p.m. ET

Governor Rick Scott has done heroic work to shore up the finances of Florida’s catastrophic insurer before the next big hurricane makes landfall. But storm or no storm, taxpayers will still get whacked with Category 5 bills if Tallahassee doesn’t shut down the state’s latest plaintiffs attorney get-rich-quick scheme.

Sunshine State lawyers, in cahoots with local contractors, are crisscrossing the state encouraging homeowners to sign away their insurance rights, a practice known as “assignment of benefits,” or AOB. In exchange, the lawyers promise to handle property repairs and fight with the insurance company for settlement paydays.

Read the full editorial here: https://www.wsj.com/articles/floridas-trial-bar-hurricane-1489532272