The Insurance Information Institute (I.I.I.) projects that Florida drivers will pay out about $658 million this year as a result of fraudulent no-fault claims.
Premiums are up about 7 percent from 2010 and up a devastating 122 percent in just two years, explains I.I.I. President Dr. Bob Hartwig.
Hartwig presented these latest calculations in November at the annual Florida Chamber of Commerce Insurance Summit in Orlando.
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