Drew WilsonFebruary 3, 2021
5min2664
The Senate is considering a bill to replace PIP with bodily injury coverage.
Tag: no-fault insurance
Drew WilsonFebruary 3, 2021Drew WilsonJanuary 26, 2021
6min1583
The committee voted 10-2 in favor of the bill.
Jason DelgadoJanuary 19, 2021
4min2077
The proposal would instead require motorists to carry bodily injury liability coverage.
Michael MolineFebruary 6, 201812min667
A Property Casualty Insurers Association of America study made a splash last week in Tallahassee by suggesting repeal of Florida’s no-fault auto insurance system would produce significant increases in motorists’ premiums. The findings contrast those of a similar study last year by Pinnacle Actuarial Resources, which estimated repeal would save policyholders 8.1 percent in liability […]
Michael MolineFebruary 1, 2018
6min1299
Repeal of Florida’s no-fault auto insurance system would drive the cost of coverage up by 5.3 percent, or $67 per year, according to an analysis conducted for the Property Casualty Insurers Association of America. The findings assume that more drivers will buy underinsured and uninsured motorist coverage to protect themselves against motorists who skip purchasing […]
Jenna Buzzacco-FoersterApril 13, 2017
5min479
Florida lawmakers appear to be taking steps to repeal a state law requiring personal injury protection coverage, but differences remain between the House and Senate proposals. The Senate Banking and Insurance Committee voted 8-1 to approve a bill (SB 1766) that would repeal the Florida Motor Vehicle No-Fault Law, replacing the PIP mandate with a […]
Michael MolineSeptember 14, 20163min845
Legislation targeting auto insurance fraud has produced savings on personal-injury claims of 17. 5 percent, and reduced premiums by a little more than 15 percent. Claim frequency and severity were reduced, too — by 10.2 percent and nearly 11 percent, respectively, producing a reduction in total loss costs of 20 percent. That compared to an […]