Archives for March 2017

Assignment of Benefits—It’s the data stupid!

When it comes to legislative reforms of Assignment of Benefits (AOB), everyone attending the Florida Chamber of Commerce’s Miami Insurance Summit noticed a brighter light at the end of a shortening tunnel.

Despite distractions of Workers Compensation and the potential repeal of No-Fault (PIP), AOB stole the Miami show; including noted reform endorsements from Chief Financial Officer, Jeff Atwater and Insurance Commissioner, David Altmaier and others.

Even unrelated panels and/or presentations morphed, to one degree or another, into an AOB discussion.  Including one noteworthy collection of media experts proving some in the mainstream have firmed their grip on the problem.  The Chamber’s newest video is a composite of a few TV expose’s revealing the need for reform.  Check it out. It’s a good one. [Read more…]

Attorney Fees, AOB reforms & AOC!

I heard a commercial on my car radio by John Morgan of Morgan & Morgan. I’m pretty sure I got it exactly right. Without a scintilla of equivocation, he affirmatively stated as fact… “Insurance companies are our enemy and they are your enemy.  Do not trust anything they do or say!”

While thinking he likely trusts insurance companies enough to pay premiums for the protection of his home and business, I also thought of the response those he insulted might render. I knew there would be none—it’s the lack of fear that there would be any consequence whatsoever that creates the necessary hutzpah to say such a thing on the open air. [Read more…]