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Insurance attorney at Florida Chamber summit: Assignment of benefits = “sinkholes lite”

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The legal maneuver known as “assignment of benefits” rivals or even outstrips mother nature herself as a threat to coastal Florida policyholders, according to a top staffer with a state-owned insurer and an insurance industry lawyer. At the Florida Chamber of Commerce‘s annual Insurance Summit at a Disney resort near Orlando, Angel Conlin, General Counsel for American Strategic Insurance Company, joined a chorus of antipathy for the practice and for trial lawyers who lucratively employ it Tuesday afternoon. Conlin said so-called…

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