Each year, FAIA develops succinct summaries of insurance-related issues ("300 Worders") to help lawmakers, the media, and the public better understand often-complicated insurance topics.

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Assignment of Benefits (AOB) abuse, which occurs when unscrupulous vendors file inflated claims with insurance companies and then threaten to sue if the claim is not paid, is driving up the cost of property insurance premiums in Florida.

Policyholder information released by Citizens Property Insurance Corporation to third parties under circumstances specified in current law is often used by other insurance agents and insurers to solicit policies that by law are owned by the Citizens agent of record.

The law requiring a diligent effort form for exportation of commercial residential risks (condominiums) to the surplus lines market does not align with marketplace realities, is haphazardly enforced, and doesn’t serve the best interests of the sophisticated commercial residential customer. 

Florida Statutes do not require life insurance companies to use the Social Security Administration’s Death Master File (DMF) to find and begin payments to a deceased life-insurance policyholder’s beneficiaries, leaving too many Floridians—most of whom were not even aware a policy existed—without the financial protection their deceased their loved ones intended.

Regulation has not kept pace with the rapid growth of ride-sharing services such as Uber and Lyft. As such, there’s no statute that specifically addresses insurance coverage requirements for ride-sharing companies and/or drivers.

 Fear of being hit with awards far in excess of policy limits forces many insurers to settle and pay claims even when the insurer doubts the validity of the claim, increasing insurance premiums for everyone.