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The Florida Office of Insurance Regulation has issued a request for proposals from firms interested in performing an analysis of alternatives to Florida’s Personal Injury Protection (PIP) laws. The OIR intends to engage a firm this month, with a goal of presenting a final report to executive and legislative branch officials by September 2. The […]
Each year seems to go by quickly, and the holidays always seem too short. The ball has barely dropped in Times Square before we are back to work thinking about what is in store for the next year. If it seems like this is taking place faster than usual in 2016, it is not our […]
As 2015 comes to a close, several aspects of this year’s insurance market stand out. Each year presents its share of successes and its share of challenges, which is expected in a cyclical industry. However, on balance we will remember 2015 for its continued stability in several key insurance markets. In Florida, our view of […]
Insurance Commissioner Kevin McCarty mentioned the possibility of scrapping Florida’s no-fault auto insurance system during a speech at the Florida Chamber of Commerce’s recent insurance summit. Eliminating the no-fault system would require a legislative change and has been discussed by some lawmakers in recent years as they have struggled to implement lasting reforms that curtail […]
In the 2015 session, House Bill 165 became the vehicle that carried a variety of changes to the Florida Insurance Code. The bill passed both chambers of the legislature and now has been signed into law. Key provisions of the bill take effect July 1. Among its provisions, the new law: Eliminates the requirement for insurers […]
The OIR released its Report on the review of the Personal Injury Protection (PIP) insurance data call, as required by HB 119, which was passed by the Florida Legislature in 2012. The Report provides data which shows the impact on the insurance market from the reforms passed in this law. Per the Report, the data […]
Kevin McCarty, Office of Insurance Regulation, Florida Legislature, auto insurance, PIP
Kevin McCarty, Office of Insurance Regulation, auto insurance, PIP
A recently filed South Florida lawsuit seeks to have Florida’s 2012 Personal Injury Protection (PIP) reforms declared unconstitutional. The reforms were an effort to stem rising PIP rates and included a $2500 cap on non-emergency services while also removing certain types of services from PIP altogether. This is not the first lawsuit to challenge the […]
