The Institutes

Initiative Launches to ‘Fix the Cracks’ in Auto Glass Claims

 Wednesday, November 16, 2022

 Florida Politics

A new initiative launched by insurance and tort reform groups is taking aim at assignment of benefits agreements for windshield repairs.

Assignment of benefits, or AOB, is a legal process that allows policyholders to sign over their insurance benefits to a third party in exchange for a quick repair.

Companies on the other end of AOB agreements often sue insurance companies to collect fees. Insurers say those lawsuits are often for inflated claims.

Insurers say that AOBs, coupled with the one-way attorney fees statute requiring insurance companies to pay the cost of litigation if they lose, are driving up auto insurance premiums.

The new initiative, ‘Fix the Cracks,’ is a partnership between the National Insurance Crime Bureau (NICB), the Florida Justice Reform Institute (FJRI), and the Personal Insurance Federation of Florida (PIFF).
AutoLitigationFraud
BROWSE RELATED NEWS ARTICLES

The Auto Exclusion in the CGL Policy

 Wednesday, October 5, 2022

 IRMI

CCC Launches Touchless, Straight-Through Processing Product For Auto Claims

 Friday, November 5, 2021

 Repairer Driven News

Geico, Auto Glass Companies Agree To Settle Claims Fraud Suit

 Wednesday, January 15, 2020

 glassBYTEs

Insurers Say Auto Glass Companies Leading New Wave Of Claims Abuses

 Tuesday, August 22, 2017

 South Florida Sun Sentinel

Montana: Safelite, Lynx Administering Auto Glass Claims Without License

 Monday, August 21, 2017

 Repairer Driven News

Slash Loss Costs on Auto Glass Claims

 Thursday, March 17, 2011

 Claims Advisor

Insurers report rise in questionable claims led by hail, auto glass

 Tuesday, August 3, 2010

 Insurance Journal