X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Florida last reformed personal-injury protection requirements for auto insurance in 2012, and initially saw significant auto insurance premium declines, with a 14.4% drop in 2014. However, two years later, rates shot back up to slightly more than 25% (Credit: tommaso79/Shutterstock.com)

A bill filed in the Florida State Senate on Jan. 15, 2021, would repeal the state’s current no-fault law requiring drivers to carry personal-injury protection (PIP) insurance coverage, according to a release from the legislative body. The new law would instead require drivers to carry bodily injury liability coverage.

If passed, Senate Bill 54, Motor Vehicle Insurance, would also establish a new framework to resolve “bad faith failure to settle” disputes stemming from auto insurance claims.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

More from this author

 

ACE Leadership Forum & Expo 2022Event

ACE Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.