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May 3, 2017

WSJ Editorial Board Asks If Florida Legislature Exists “To Enrich Plaintiffs’ Attorneys”

In an editorial piece, the Wall Street Journal writes on the “renewed political effort to stop a trial-bar scheme” associated with assignment of benefits (AOB), “that scores insurance paydays [for plaintiffs’ lawyers] at the expense of Sunshine State homeowners.”

The Florida Office of Insurance Regulation has launched a webpage of data on how AOB abuse has raised homeowner insurance costs in the state of Florida, referring to the numbers as “sobering.”

The Florida House passed an AOB reform bill last week and the legislation now moves to the Florida Senate. The WSJ writes that Joe Negron, President of the Florida Senate, “has been a reliable ally of the trial bar. The fate of the AOB reform effort will be a good test of whose side he is on.”

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