In addition to raising consumers’ rates, enactment of the law would have a ripple effect across Florida’s economy and could have devastating consequences for health care facilities in the state, according to Glen Ged, founder and CEO of Ged Lawyers. (Credit: lunamarina/Adobe Stock) In addition to raising consumers’ rates, enactment of the law would have a ripple effect across Florida’s economy and could have devastating consequences for health care facilities in the state, according to Glen Ged, founder and CEO of Ged Lawyers. (Credit: lunamarina/Adobe Stock)

The law to repeal auto insurance no-fault rules, which is awaiting Florida Gov. Ron DeSantis’ signature, would raise overall premiums for all coverages combined by 13.3%, according to a report by Pinnacle Actuarial Resource, Inc.

If signed, the new law would require bodily injury liability coverage with limits of $25,000 per claimant and $50,000 per occurrence.

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Steve Hallo

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

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