Mixed reviews follow a private contractor's actuarial report that projects substantial savings for insurers and consumers due to Florida's new Personal Injury Protection (PIP) auto-insurance law.
The study projects PIP claims falling by between 16 and 29 percent, and a reduction in actuarially indicated PIP premiums of between 14 and 25 percent
The report was prepared Pinnacle Actuarial Resources Inc., and funded through a $200,000 appropriation in the law, which was enacted by the state Legislature earlier this year. The majority of provisions go into effect Jan. 1, 2013.
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