News
Uncontrolled PIP Fraud
The recent meeting of the Florida Cabinet brought the bright light of truth to a huge financial burden on Florida drivers: The uncontrolled rise in expenses for personal injury protection (PIP) automobile insurance. PIP-related payments and lawsuits have skyrocketed 70 percent in the past three years, even as the number of Florida drivers and accidents …
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Florida needs protection from PIP fraud
The recent meeting of the Florida Cabinet brought the bright light of truth to a huge financial burden on Florida drivers: the uncontrolled rise in expenses for personal injury protection automobile insurance. PIP-related payments and lawsuits have skyrocketed 70 percent in just the past three years, even as the number of Florida drivers and accidents …
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Scott grilled on auto and home insurance
Gov. Rick Scott was grilled at a Sun Sentinel editorial board meeting today on a range of issues, including home and automobile insurance.
PIP’s cap set in 1979 is far below 2011 realities, insurance industry says
The second meeting of Insurance Consumer Advocate Robin Westcott’s personal injury protection work group picked up where the first meeting left off: with members taking jabs at one another.
Florida officials, insurers demonstrate staged car crash
Officials call it the “panic stop.” A driver slams on the brakes and forces the car behind into a rear-end collision. Then the driver who was hit pretends to be hurt.
Banking & Insurance Committee Completes PIP Open Government Review
The Florida Senate’s Banking & Insurance Committee recently released its open government review relating to an exemption from public records law for certain information related to auto insurance policies. Florida has broad public records laws that make most information in the hands of state government available to interested members of the public. However, the Florida …
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Repair ‘no fault’ or junk it – Editorial
Chief Financial Officer Jeff Atwater and Gov. Rick Scott are considering ditching personal injury protection insurance in Florida.
Florida CFO: Legislature must target insurance fraud
Cutting rampant fraud in automobile and sinkhole insurance should be two of the Florida Legislature’s top priorities this winter, state Chief Financial Officer Jeff Atwater told St. Petersburg business leaders Wednesday.
Gov. Rick Scott eyes car policy change
Efforts to revise or even scrap Florida’s no-fault auto insurance system could lower insurance premiums for well-insured drivers, but could drive up the cost of bare-bones policies, industry experts said.
Consumer Advocate to Convene PIP Group
Robin Westcott, Florida’s recently named Insurance Consumer Advocate, has indicated she will create a working group to develop policy recommendations to address concerns in the Personal Injury Protection market. PIP fraud has received considerable attention over the last year, but efforts to address problems in this area stalled in the 2011 legislative session. In announcing …
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Consumer advocate wants lawmakers, ’stakeholders’ to combat soaring PIP costs
The state’s new Insurance Consumer Advocate, Robin Westcott, has set up a working group “to combat the spiraling costs” of Personal Injury Protection, the compulsory part of your auto insurance that pays up to $10,000 for accident-related injuries without regard to fault.
Governor Scott Raises Possibility of Optional PIP
Gov. Rick Scott recently indicated that he would support making personal injury protection coverage, or PIP, optional. Currently, Florida motorists are required to carry $10,000 in PIP coverage. PIP pays medical bills without regard to who as it fault in an accident. However, PIP coverage has been the subject of considerable fraud such as staged accidents and …
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Scott: Personal Injury Protection Coverage Should Be Optional
TALLAHASSEE (CBS4)- Gov. Rick Scott said Friday that he would support making personal injury protection auto insurance coverage, or PIP, optional.
Senate Committees to Study Property and Casualty Insurance Issues
Each year, the legislature asks its committees to review significant issues and prepare reports in anticipation of the the next legislative session. This year is no different, and the Senate recently released its list of interim projects. Projects of the Banking & Insurance Committee can be seen in the attached document. Project 2012-11 will be …
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