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The 2012 legislative session is rapidly drawing to a close– at least the regular session, anyway. The session is scheduled to end tonight, and lawmakers will work at a frenzied pace to address bills that are bouncing back and forth between the chambers. No Florida session would be complete without a property and casualty insurance […]
Insurance Commissioner Kevin McCarty called for the Florida legislature to reform this state’s Personal Injury Protection (PIP) auto insurance laws at a media availability this afternoon. According to Commissioner McCarty, if the legislature does not act PIP rates will continue to rise to unsustainable levels, which ultimately would force repeal of the law. PIP reform […]
The House version of a plan to reform Florida’s personal injury protection laws has cleared the House of Representatives’ Civil Justic Subcommittee by a 10-5 vote. The next scheduled stop for the bill is the Economic Affairs Committee. The House proposal (HB 119) is a 109-page bill making a number of changes designed to curb […]
The holiday season always seems to pass too quickly. After an extended period of unwinding and spending time with families and friends, the new year always brings an abrupt end to this relaxed pace as we return to work, children return to school and we pick up where we left off. This will especially be […]
December 31 marks the end of another calendar year, and with that we close the books on another active year in the Florida insurance market. Florida’s diverse population, large base of potential policyholders and unique political and market issues tend to mean that insurance-related topics are prevalent in each year’s headlines. We began this year […]
Insurance Consumer Advocate Robin Westcott has requested information from insurers writing personal injury protection (PIP) auto insurance. The request for information, made through an open letter to the auto insurance industry, is designed to facilitate the Consumer Advocate’s analysis of problems with PIP and potential solutions. As noted in her letter, the Consumer Advocate has […]
The PIP Working Group convened by Insurance Consumer Advocate Robin Westcott resumes its consideration of the complex issues affecting the Florida market at an October 10, 2011 workshop. This workshop is part of a series of meetings scheduled by the Consumer Advocate to bring PIP stakeholders together. She intends for the process to culminate in […]
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 […]
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 […]
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 […]
