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Expert Analysis

Insurance Benefit Assignment To Contractors: Not In Texas

Law360, New York ( November 16, 2015, 10:02 AM EST) -- In Florida and other states, a post-loss assignment of insurance benefits (or AOB) has become commonplace and a hot-topic issue. The typical scenario is that after suffering a loss, the insured assigns the right to policy benefits to the contractor making the repairs. As noted in a recent opinion from a Florida appellate court, there are competing public policy reasons on each side of the AOB debate:...

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