Replacement legislation would remove personal-injury protection in favor of bodily injury coverage. Once again, Florida’s no-fault auto insurance system has made its way back to the House and faces potential demise. This, despite concerns voiced by the industry suggesting that this move by the Legislature may not reduce premiums. Critics warn that removing the current system risks increasing health insurance rates and lawsuit numbers. Earlier this week, the House Insurance & Banking Subcommittee backed HB 771. That measure would replace the current mandatory components of the no-fault auto insurance system…
Read More