yourEadvisor.com

A good move for the industry. The AOB (Assignment of Benefits) issue has really plagued the industry as of recent. We're glad the legal system is starting to support efforts to end this issue.

"The policyholders were husband and wife homeowners who contracted with a water restoration company to fix water damage to their insured home. The home also had a mortgage. The wife, without the consent of her husband or the mortgagee, also agreed to "an assignment of benefits agreement assigning 'any and all insurance rights, benefits, proceeds and any cause of action under any applicable insurance policies' " to the water restoration company."

http://www.mondaq.com/unitedstates/x/734346/Insurance/Florida+Appeals+Court+Allows+Assignment+Of+Benefit+Restrictions+In+Homeowner+Policies

To be honest, no surprise here. Florida is numero uno as the most prepared state for a hurricane!

"Florida may be the quintessential state for hurricane landfalls, but its torrid past has also made it the most-prepared for future storms. Despite a lower share of homeowners insurance coverage than other states, Florida is considered a leader in building-code safety, with the highest-ranked building code regime of any Atlantic Coast or Gulf state and mandated programs that require aspiring building officials to take appropriate training before licensing exams. Florida also has a high ratio of flood-insurance-policies-to-at-risk-homes. With a total of over 1.7 million flood insurance policies in force, Florida has the highest absolute number of policies by far among the 18 states. Texas is a distant second with over 700,000."

https://www.valuepenguin.com/property-insurance-states-most-prepared-hurricane