Assignment Of Benefits Next Big Florida Chamber Insurance Priority

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.