assignment of benefits


Lower cost reinsurance can offset AOB related rate hikes: COIN Re

COIN Reinsurance believes that the inevitable escalating rate hikes that hit insurance buyers due to loss adjustment and assignment of benefit (AOB) expenses can be countered by lower cost reinsurance for carriers.COIN Re, a recently launched Florida focused and headquartered property reinsurance broker that has aligned itself with Beach Group, read the full article →

Assignment of benefits (AOB) helped to drive hurricane loss creep

In the state of Florida the incidence of so-called assignment of benefits (AOB) lawsuits connected with property insurance claims have risen by more than 70% over the last five years and as this continues primary insurance rates are rising with them.The Insurance Information Institute (III) said in a recent report read the full article →

Non-weather water & AOB losses push Citizens to Florida rate rise

Florida’s Citizens Property Insurance Corporation said that a recent surge in claims related to non-weather water losses in South Florida has increased its costs enough to offset the lower cost of reinsurance and other risk transfer, resulting in the need for a proposed statewide average rate increase of 7.9%.The Florida read the full article →