FOR IMMEDIATE RELEASE
New York Press Office: (212) 346-5500; email@example.com
NEW YORK, February 4, 2019 —James Lynch, the Insurance Information Institute’s (I.I.I.) chief actuary, will brief lawmakers in Tallahassee on Monday, Feb. 4, and Thursday, Feb. 7, about Florida’s Assignment of Benefits (AOB) Crisis, an I.I.I. study he co-authored.
Details on the two public hearings are below:
An AOB form is a document signed by a policyholder which allows a third party, such as an auto repair shop or a roofer, to seek direct payment from an insurer on a policyholder’s behalf. In Florida, a policyholder is permitted to sign an AOB document without notifying their insurer, or seeking the insurer’s consent. The process is further complicated when the third party, with a signed AOB document in hand, retains a plaintiff’s attorney to sue an insurer when the insurer disputes a bill from the third party.
Reporters wishing to schedule an interview with Lynch should contact the I.I.I.’s Lynne McChristian at either 813-480-6446 or firstname.lastname@example.org.
THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
Insurance Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500; www.iii.org