After a bill aimed at reforming Florida’s insurance industry and preventing Assignment of Benefits (AOB) abuse failed in the Legislature’s last session, the state’s largest insurer has taken steps to solve the problem itself.

High schoolers who have a credit card will graduate with an average debt of $1,585, according to research by student loan provider Sallie Mae. The Organization for Economic Cooperation and Development found that 60 percent of 15-year-old Americans are not financially literate on the basics of handling money.