Citizens CEO calls for AOB reform at rates hearing

Citizens CEO Barry Gilway told a hearing before the Florida
Office of Insurance Regulation (FLOIR) today that without
legislative reform to tackle the assignment of benefits (AOB)
crisis homeowners premiums will climb for years to come in the
state.
The state-backed insurer has proposed 2018 rates that call for
double-digit increases for many South Florida homeowners where AOB
related claims have been most prevalent.
In his presentation, Gilway noted that the average cost of water
claims has inc