No-fault repeal will raise insurance rates. Period.
Florida Legislature, auto insurance, Insurance Regulation News, no fault, PIP reform, Florida politics
News & Updates
PIP reform
PIP Repeal Resurfaces for 2020 Session
Repealing Florida’s no-fault (PIP) auto insurance system again will command legislative attention in the 2020 legislative session. Although 2020 once seemed so far away, the legislature already is having committee meetings in anticipation of the session’s January start. Florida’s Personal Injury Protection (PIP) system has drawn significant criticism in recent years. The legislature has tried to […]
Tort reformer William Large keeps plugging away for PIP bad-faith revamp
Florida Legislature, auto insurance, PIP, Insurance Regulation News, PIP reform, HB 19
Lawmakers to weigh costs, benefits of no-fault insurance repeal
Insurance Regulation News, no-fault auto insurance, PIP reform, PIP Insurance, auto insurance, Florida Legislature
OIR Provides Guidance on PIP Fee Schedule
The Florida Office of Insurance Regulation (OIR) issued Informational Memorandum OIR-12-02M earlier this month providing guidance to insurers and they implement new Personal Injury Protection reforms. The Informational Memorandum coincided with Governor Scott’s signing HB 119 into law. The Informational Memorandum points out that one of the new provisions of the PIP reform requires insurers […]
Implementation of PIP Law Under Review
The Office of Insurance Regulation (OIR) and other state agencies are considering the implementation steps needed for the recently passed Personal Injury Protection (PIP) reform bill (HB 119). One of the key upcoming action steps is for insurers to make their initial rate filings responding to cost savings resulting from the new law. The filing […]