Tallahassee, Fla. — The American Property Casualty Insurance Association (APCIA) today issued the following statement, attributed to its Regional Manager of State Government Affairs Logan McFaddin, regarding House Bill 7065, by the Florida House Civil Justice Subcommittee, relating to Insurance Assignment Agreements, passing the Florida House Judiciary Committee.
“Since 2013, we’ve seen a 70-percent increase in AOB lawsuits with 135,000 AOB lawsuits reported in 2018. These AOB lawsuits are contributing to the rise in insurance costs, which affect Florida consumers and businesses.
“We applaud the members of the House Judiciary Committee for passing House Bill 7065 out of its committee today. This good bill, that is now ready for the full House, has the potential to stop bad actors from preying on property and auto glass policyholders, and to free up our legal system that has seen AOB lawsuits make up more than half of all litigation filed against insurers statewide for eight straight years. We simply cannot let another year go by without reform; Floridians need these safeguards put in place now.”
HB 7065 is now in a posture to be taken up on the House floor.