In his state of the state address on Jan. 10, Florida Governor Rick Scott laid out the case for auto-insurance reforms that would crack down on fraud abuse in the state’s no-fault system.
He says fraud is “estimated to cost Floridians $900 million. If we do not act, the Office of Insurance Regulation (OIR) predicts that costs for consumers will continue to spiral out of control.”
Scott asserts that pure premium costs increase about 30 percent “year after year” and that these costs “are being driven up every day all around our state by scams that are ultimately paid for by Florida’s working families.”
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