April 19, 2017

Tallahassee, Fla. – The Associated Industries of Florida (AIF) today released the following statement on behalf of its President & CEO Tom Feeney regarding House Bill 1421, by Representative James Grant, relating to Property Insurance Assignment Agreements.  HB 1421 was today heard in the House Commerce Committee, its second and last committee of reference.

“AIF supports getting rid of abusive cost drivers in our state's property insurance marketplace, and reforming assignment of benefits this session is one way to stamp out the bad actors that are creating a crisis for Florida homeowners.

“Floridians deserve an insurance marketplace free from unnecessary litigation over auto glass repair and property water damage, which needlessly inflates insurance premiums. While this bill improves the current state of the property insurance marketplace, there are opportunities to create even more cost savings for consumers.

“AIF is hopeful that as this bill advances to the House floor, it will continue to improve its chances of meaningfully reducing costs for premium payers."

Known as “The Voice of Florida Business” in the Sunshine State, AIF has represented the principles of prosperity and free enterprise before the three branches of state government since 1920. A voluntary association of diversified businesses, AIF was created to foster an economic climate in Florida conducive to the growth, development, and welfare of industry and business and the people of the state.

For more information on AIF, please visit AIF.com and follow @VoiceofFLBiz.

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