State leaders, such as those in Florida, are working with insurers to make a move to form legislation that will combat auto insurance fraud so that it will be ready for the January start of the next session of lawmaking. Proposed bills in 2011 to fight fraudulent claims on personal injury protection insurance did not receive their approval from the state Legislature this year due to worries over the struggles it may create for policyholders that are making legitimate claims, as well as their doctors and attorneys. That said, two…
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Florida Legislature may be looking to change how the state’s insurance industry works as fraud continues to grow unabated
According to experts, Florida’s auto insurance industry is currently facing the possibility of changes or the outright elimination to the no-fault system, which may provide drivers who are well-insured with an appealing decrease in premiums, but may also increase the price of basic policies. In Florida, drivers must have at least $10,000 in coverage for personal injury. However, Governor Rick Scott has stated that he would prefer to make this an optional protection. Personal injury protection (PIP) system critics are saying that scam artists are provided with incentive to stage…
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