NU Online News Service, Aug. 17, 1:21 p.m. EST

PIP Rate Increases in FloridaFlorida Insurance Commissioner Kevin McCarty gives a bleak outlook of the state's out-of-control personal injury protection (PIP) insurance system.

Benefits paid on no-fault PIP claims has skyrocketed 70 percent since 2008 though the amount of licensed Florida drivers has remained steady and the amount of accidents has decreased.

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
NOT FOR REPRINT

© 2024 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.