Radey Law » Insurance Regulation News

Senate PIP reforms get warm reception

Kendria Ellis — Fri, 03 Feb 2012 14:00:08 +0000

TALLAHASSEE — The Florida Senate’s plan to reform the no-fault auto insurance program has already achieved what its counterpart in the House has not: unanimous approval from a committee.

Steve Pociask: Protecting Florida’s insurance consumers

Kendria Ellis — Wed, 01 Feb 2012 14:16:37 +0000

For years, Florida’s property insurance crisis has remained unsolved, with an ever-building mountain of unfunded debt obligations building up, driving up consumer costs, creating unnecessary risk and uncertainty, hampering Florida’s economic recovery, and discouraging insurance competition for your business.

Workers’ comp exempt from excess profits law

Kendria Ellis — Tue, 31 Jan 2012 13:43:39 +0000

Workers’ compensation carriers would no longer be required to return “excess profits” to policyholders under a bill approved by the House Insurance and Banking Subcommittee Monday afternoon.

PIP System Needs to be Overhauled

Kendria Ellis — Mon, 30 Jan 2012 14:13:12 +0000

Florida’s leaders showed tremendous vision by enacting the first-in-the-nation motor vehicle no-fault laws, which became effective in 1972. Commonly referred to as personal injury protection, the goal was to help accident victims by reducing legal delays, streamline the payment process and provide an automatic pot of money for injured drivers to take care of immediate injuries through visits to doctors and hospitals.

CAT Fund Needs Immediate Action

Kendria Ellis — Mon, 30 Jan 2012 14:10:27 +0000

For years, Florida’s property-insurance crisis has remained unsolved, with an ever-building mountain of unfunded debt obligations building up, driving up consumer costs, creating unnecessary risk and uncertainty, hampering Florida’s economic recovery and discouraging insurance competition for your business.

House panel votes down bad-faith bill

Kendria Ellis — Fri, 27 Jan 2012 14:24:11 +0000

Plaintiffs’ lawyers eked out a narrow victory over insurance groups on Thursday, as a House committee narrowly defeated a measure intended to curb “bad-faith” lawsuits against insurers.

Scott says PIP program ‘has to be fixed’

Kendria Ellis — Thu, 26 Jan 2012 14:09:59 +0000

TALLAHASSEE – Gov. Rick Scott is ratcheting up pressure on lawmakers to find agreement on ways to reform the state’s fraud-plagued no-fault auto-insurance law, despite stiff opposition from plaintiffs’ lawyers, medical specialists and consumer groups.

PIP bill moves through one House committee gets pulled from another

Kendria Ellis — Thu, 26 Jan 2012 14:02:00 +0000

The House Civil Justice Subcommittee spent more than two hours early Wednesday morning taking testimony on a personal injury protection (PIP) bill before passing the bill out of committee by a 10-5 vote.

House panel considers PIP insurance overhaul

Kendria Ellis — Wed, 25 Jan 2012 14:32:14 +0000

TALLAHASSEE, Fla. — A House panel will consider overhauling Florida’s personal-injury insurance that is now overcome with fraud.

Consumer group slams proposed PIP law

Kendria Ellis — Tue, 24 Jan 2012 14:38:43 +0000

Debate is heating up in the Florida Legislature on how to change the personal injury protection (PIP) part of auto insurance coverage.

House staffers gave a briefing Monday on their plans, drawing criticism from consumer advocates.