I was recently chatting with a restorer and trying to explain why his insurance needed to be customized to cover the risks he faced in doing work assigned under master services agreements. 

The Florida Senate approved an overhaul of the insurance practice known as assignment of benefits, or AOB, and Gov. Ron DeSantis issued a statement saying he will sign it. AOB has been a highly controversial issue in recent years, with insurers arguing that litigation and fraud involving the practice are driving up property insurance premiums.

GC3’s penchant for expertise and innovation expanded in 2019 with the hiring of Dave Bell and Daniel Lewis. Their hires signal a dynamic approach to company growth and enhanced industry expertise.

Here is some front lines information on insurance that everyone working in New York or contemplating working in New York needs to be aware of.