florida auto insurance law Archives

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

October 14, 2013October 12, 2013 G. Turner

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…

Auto insurance law goes into effect tomorrow

December 31, 2012April 30, 2013

Florida drivers will face new coverage regulations starting January 1. As of tomorrow, Floridians will be facing reforms to the auto insurance law that are designed to help to play an important role in the effort to battle fraud in this industry within the state. This will involve considerable changes to the guidelines for personal injury protection (PIP). The first phase of the reforms to the law, which were designed to help reduce the success of staged accident claims and other forms of auto insurance fraud, were implemented earlier this…

Auto insurance reforms to PIP have yet to lower premiums

October 3, 2012April 30, 2013

Florida drivers are still waiting for the promised savings to kick in. Over one hundred auto insurance companies were required to report their intentions to reduce their rates on Monday, as a result of the massive changes to the personal injury protection (PIP) plan in Florida. However, as many predicted, these insurers didn’t show any clear intention to reduce prices. A new law in the state required that these auto insurance providers send a rate filing to the Office of Insurance Regulation at the start of October, which would…

Auto insurance changes in Florida may not lower premiums

August 6, 2012August 6, 2012 Julie Campbell

Alterations to PIP may not bring relief to drivers’ wallets. The Florida no fault auto insurance program has just experienced a number of alterations in the hopes that the residents of the state would face lower premiums resulting from the crackdown on fraud. Fraudulent claims have been rampant in the state, driving rates ever upward. Governor Rick Scott and the lawmakers in the Republican party have promised that no-fault insurance premiums will slide as a result of these efforts. However, a company that was hired to perform an evaluation on…

Auto insurance law in Florida designed to beat fraudsters

July 31, 2012July 30, 2012 Julie Campbell

New PIP regulations takes aim at reducing fraud and keeping rates under control. The Florida legislature has now made amendments to its auto insurance personal injury protection (PIP) benefits for drivers in the state, eliminating certain types of medical treatment coverage, such as acupuncture and massage. Governor Rick Scott signed the bill that is designed to reduce the fraud in the state. Bogus auto insurance claims are spiraling out of control in Florida, causing premiums to skyrocket. Though proponents of the bill are seeing this as a victory against those…