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Heated public hearing on bill to ban pre‑litigation post‑loss assignment of benefits for contractors
Summary
Senator Beau Ballard’s LB1137 would void post‑loss assignment of benefits (AOB) to residential contractors and update public adjuster law; insurers and trade groups backed a ban citing litigation and inflated claims, while many contractors, public adjusters and homeowners opposed it, saying assignments are a practical consumer protection and necessary tool when insurers underpay or ignore claims.
Senator Beau Ballard introduced LB1137 as a measure to ban post‑loss assignments of insurance benefits to residential contractors and to update public adjuster law to mirror NAIC and other states. Ballard argued that post‑loss assignments can strip homeowners of control of their claims, incentivize inflated claims, and drive litigation that raises premiums.
Supporters including the Nebraska Insurance Federation, FMNE Insurance, the Bankers Association, AARP‑aligned advocates, and several insurers testified that abusive AOB practices have led to a…
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