Higher costs and increased frequency of medical testing and chiropractic treatment have driven up no-fault auto injury claims costs in Florida, according to the Insurance Research Council.
A study titled by the nonprofit industry research group "Florida Auto Injury Insurance Claim Environment" found that between 2002 and 2005 auto injury economic loss claims rose 18 percent on average, while average claims payments increased 24 percent.
The report comes with seven months to go before the legal framework for the no-fault system is due to expire.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
