NU Online News Service, Oct. 28, 3:20 p.m. EDT
The Sunshine State’s system for no-fault automobile insurance is flawed to the point of systemic abuses, and fraudulent claims are climbing to higher levels than ever, to hear one national association tell it.
The Property Casualty Insurers Association of America (PCI) on Thursday released a special report on Florida’s no-fault auto insurance, stating that false claims have cost the state’s drivers more than $800 million. “Regrettably, the Florida no-fault system is completely broken,” Paul Blume, PCI’s senior vice president, state government relations, says in a statement. “Florida’s no fault system is rife with fraud and fraud costs are far worse here, particularly in Florida counties, than in any other no-fault state.”
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
