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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 […]
The Office of Insurance Regulation has issued a document called “Report on Review of the 2011 Personal Injury Protection Data Call.” The OIR recently issued a report compiling the results from its recent voluntary data call from insurers writing personal auto line of business. Thirty one companies responded representing more than 80% of the market. […]
