Florida Court Ruling Clarifies "Direction to Pay" in Insurance Assignments - PRESS AI WORLD
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Florida Court Ruling Clarifies "Direction to Pay" in Insurance Assignments

share-iconTuesday, January 07 comment-icon2 weeks ago 6 views
News sources:
newsweekNEWSWEEK
Florida Court Ruling Clarifies

Credited from: NEWSWEEK

  • A Florida court of appeals ruled that a "direction to pay" (DTP) does not equate to an "assignment of benefits" (AOB) under new legislation.
  • This decision reaffirms Senate Bill 2-A, enacted in 2023, aimed at curbing litigation within the insurance sector.
  • The ruling addresses issues that led to Florida's homeowners insurance crisis, involving climate change, fraud, and excessive lawsuits.
  • The case involved a dispute between policyholder Leonardo Caruso and American Integrity Insurance regarding a roof repair claim.
  • The court determined that without a valid assignment, the third party HICA lacked standing to sue, thus reinforcing the updated legal framework.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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