FIC: Auto Glass AOB Reform Supported by OIR in 2018

By:  Katrina Callaway, FIC General Counsel At the August 16th Cabinet meeting, in response to a question from Governor Scott, Insurance Commissioner Altmaier expressed support for legislative changes to deal with the increasing use of assignment of benefits (AOBs) in auto glass/windshield claims.   He noted there is more litigation involving AOBs on auto coverage…

FIC: Citizens Property Proposes Rate Increases, Water Sub-Limit, & Other Policy Changes for Water Claims

By:  Katrina Callaway, FIC General Counsel During its June 20th Board meeting, the Citizens Property Insurance Board of Governors adopted rate and policy changes to be submitted to the Office of Insurance Regulation (OIR) for 2018.   Despite lower reinsurance costs and lower rates for wind coverage and primarily because of rising water claim costs,…