Auto insurance reform injunction in Florida halted

Florida auto Insurance reforms

A federal judge has denied the progress of the process that could have blocked the PIP changes. A federal judge has just ruled to stop an injunction designed to impede the personal injury protection (PIP) reforms to the auto insurance law in Florida, which had only just been enacted last year. Supporters of the reform feel that this decision was an important victory for vehicle coverage in the state. As a part of U.S. District Court Judge Richard Lazzara’s ruling, he refused to grant requests for an injunction that were…

Read More

Auto insurance law goes into effect tomorrow

Florida Auto Insurance

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…

Read More

Auto insurance reforms to PIP have yet to lower premiums

Florida proof of Auto Insurance

  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…

Read More

Auto insurance in Florida continues to be a problem

Auto Insurance

Lawmakers benefits of new auto insurance laws to be seen soon Auto insurance in Florida has been in flux for some time. State lawmakers have been laboring to make changes to Florida’s auto insurance regulations in the hopes of curbing the prevalence of fraud. Legislators have made significant changes to the state’s personal injury protection (PIP) regulations, which have been hailed both as a remedy for fraud and a financial problem for consumers and businesses. Whatever the case may be, auto insurers are tasked with figuring out ways to lower…

Read More

New auto insurance laws in Florida subject to optimistic outlook

Florida proof of Auto Insurance

Regulators warn that a preliminary report concerning insurance savings could be inaccurate Florida’s new auto insurance laws have taken root, especially in the personal injury protection (PIP) sector, and some state officials suggest that they are leading to lower insurance premiums. The state’s insurance regulators are warning that the preliminary reports coming from some insurance companies and state officials could be nothing more than wishful thinking. The implications that the new auto insurance laws may already be leading to savings comes from a report that was recently released by the…

Read More

Auto insurance changes in Florida may not lower premiums

florida no fault car insurance

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…

Read More

Auto insurance reform in Florida comes under fire

Florida proof of Auto Insurance

Consumers argue that provisions are too harsh for the innocent Earlier this month, a number of auto insurance reform measures took effect in Florida. State legislators had been working to enact auto insurance reforms to combat the significant problem of fraud the state had been facing for years. The auto insurance reform law that was passed earlier in the year has made drastic changes to the auto insurance industry and has imposed significant limitations on the claims benefits consumers can receive. The law has been in effect for a whole…

Read More