An owner assigned gains to a vendor following hurricane hurt, and the insurance company refused to pay, citing “alienation” in the Fla. structure – but an appeals court rejected it.
TALLAHASSEE, Fla. – In a situation stemming from a household broken throughout Hurricane Irma, an appeals court Friday rejected an insurer’s constitutional arguments about the use of a controversial practice identified as assignment of gains (AOB).
Home-owner Wayne Parker submitted a hurt declare following the 2017 storm with his insurance company, Anchor Residence and Casualty Insurance policy Co., and then entered into an AOB settlement with Speed Dry Inc. Under the settlement, Speed Dry would do repair service operate, handle declare negotiations and acquire direct payment from the insurance company, in accordance to Friday’s ruling by a panel of the fifth District Courtroom of Appeal.
But Anchor Residence and Casualty refused to pay Speed Dry, foremost to a lawsuit. Anchor