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Dorthy Hukill

Legislation introduced in Senate would tighten protections against AOBs

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Legislation sought by regulators, insurance, and business interests to reform assignment of benefits agreements finally dropped Friday — and the first thing it would do is bar attorney fee awards to contractors who use those contracts to sue insurers. “Nothwithstanding any other law, as to suits based on claims arising under property insurance policies, attorney fees may not be awarded … in favor of any person or entity seeking relief against the insurer pursuant to an assignment agreement,” the bill…

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