Florida no fault car insurance repeal moves ahead in state Senate

florida no fault car insurance

Senator Tom Lee (R-Brandon) introduced the bill in the hopes of controlling skyrocketing premiums. The no fault car insurance bill meant to repeal the current system in Florida has cleared an important Senate committee. Should it become law, it would mean that drivers will need to purchase bodily injury coverage. The primary hurdle so far has been the argument that lawsuits and premiums would rise further. Many of the objections have come directly from insurance representatives. Should the no fault car insurance be repealed, it would mean that drivers in…

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Auto insurance limit increase sought in NJ for Lyft and Uber

Minnesota auto insurance company rates

Rideshare companies and their coverage limits were the focus of a bill that has been discussed in New Jersey. Lawmakers in New Jersey have been discussing an auto insurance bill, this week, that has been focused on increasing the coverage limits that will be required of ridesharing services in the state, such as Lyft and Uber. At the start of the week, a spokesperson from Uber said that its reps would be present in order to testify. Those Uber representatives spoke before the New Jersey Senate Transportation Committee. The bill…

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Auto insurance bill allows members of the military to keep coverage

servicemembers military USAA Insurance company

Should it become a law, these individuals will be able to maintain their policies when changing states. At the moment, members of the military and their families cannot necessarily carry their auto insurance coverage from one state to the next when they are required to move for their jobs, but a new bill has now been introduced in Congress with the intention of changing that trend. This bill would make it possible for the policies to be kept active when moving from one state to another. The Servicemembers Insurance Relief…

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New legislation could change auto insurance in Pennsylvania

Pennsylvania Auto Insurance

Legislation aims to make insurance coverage more flexible A new legislation in Pennsylvania may have a dramatic impact on the way drivers receive auto insurance coverage throughout the state. Senate Bill 1040 has been gaining momentum in the state’s Legislature and aims to make it possible for drivers to provide proof of their auto insurance coverage electronically and sign up for coverage without deductibles. The legislation has managed to acquire strong support from state lawmakers that believe some changes to the auto insurance sector should be made for the sake…

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Auto insurance bill by Senator to scrap Florida no-fault system

Florida Auto Insurance

The legislation is being prepared in order to change the situation in the state which is riddled with fraud. A new bill is being drafted by David Simmons (R-Altamonte Springs), the Senate Banking and Insurance Chairman in Florida, in order to help to repeal the no-fault auto insurance system in the state, which is swimming in fraud and that is costing residents a fortune to cover their vehicles. A landmark effort for this purpose from 2012 remains tied up in the courts, allowing fraud to continue. Simmons explained that he…

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Auto insurance bill amendment in North Carolina builds angry debate

auto insurance

The industry in the state has been brought to the level of feuding as an old battle is brought back in the light. The internal battle among the auto insurance companies in North Carolina over the ways in which the rates are regulated by the state is back, once again, for a few more rounds in the back rooms and hallways of the legislature. Though the effort to recreate the state regulatory system was lost this spring, its supporters haven’t given up. A coalition of auto insurance companies, FAIR NC,…

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Auto insurance minimum may raise in Illinois

Auto insurance Satisfaction rates

Drivers who carry the smallest amount of coverage may find that they will soon be paying more. The Illinois House has just passed legislation that would increase the minimum liability coverage required in auto insurance that must be carried by drivers within the state, meaning that these motorists could be paying higher premiums beginning in 2015. The minimum will be increasing for the amount that is covered to pay for the injuries of other people. The auto insurance minimums will rise to $25,000 for injury or death of one person,…

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Auto insurance fraud legislative package gets New York Senate approval

Auto Insurance Fraud

Three bills that are geared toward reducing the rate of scams on the system are now moving forward. The New York State Senate has just given its approval to three bills that have been designed to help to tackle the problem of auto insurance fraud by raising the penalties against those who take part in these behaviors, and by providing insurers with greater flexibility for preventing criminals from being able to obtain policies so that they can continue to run their scams. The package for three bills has now been…

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Auto insurance overhaul moving to the Michigan House

michigan auto insurance

The lawmakers will be considering a change to the system to cap payouts for catastrophic injuries. After passing out of committee along party lines, last week, legislation for placing a cap on auto insurance catastrophic injury payments at $1 million is now headed to the House in Michigan. Should the bill pass, it would eliminate the unlimited lifetime medical benefits for accident victims next year. It would mean that anyone injured in an accident as of January 1, 2014, will have a limit to the payments that will be available…

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Auto insurance system changes in Michigan arise in Legislature

Michigan health insurance

The overhaul is meant to be a massive one that will help to combat systemic issues. The official introduction of the proposed changes to the no fault auto insurance system in Michigan was finally made to the legislature this week, to help to repair a number of issues that are keeping costs extremely high for consumers. The state has the second most expensive premiums for driver coverage in the entire country. Rep. Pete Lund (R-Shelby Township), made the introduction of the bill (HB 4612), in order to place a cap…

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