The Bell Tolls For AOB Litigation

On May 23, 2019, Florida Governor Ron DeSantis signed into law HB 7065, finally enacting meaningful reforms to combat abusive litigation by contractors against insurance companies. Here’s how it works.

The bill enacts two new statutes: Sections 627.7152 and 627.7153. The new statutes define an assignment agreement as follows:

“Assignment agreement” means any instrument by which post-loss benefits under a residential property insurance policy or commercial property insurance policy, as that term is defined in S. 627.0625(1), are assigned or transferred, or acquired in any manner, in whole or in part, to or from a person providing services to protect, repair, restore, or replace property or to mitigate against further damage to the property.