Assignment Of Benefits Next Big Florida Chamber Insurance Priority

  Tuesday, October 27th, 2015 Source: Florida Politics

Opening the Florida Chamber’s annual Insurance Summit in Orlando, Chamber CEO Mark Wilson told the assembled crowd of insurance agents and industry advocates that a nasty battle is brewing between insurers and “billboard trial lawyers” – and that he intends to help insurers win. Speaking in Central Florida, which he said leads the world in advertisements for trial attorneys, Wilson said that lawsuits involving so-called “assignment of benefits” – whereby a policyholder designates a third party to collect benefits from an insurance policy – is up 1,600 percent in the past 15 years.

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