After almost half a century, Florida's no-fault car insurance system would end by 2019 under a bill proposed by state Sen. Jeff Brandes, a Republican from St. Petersburg, the Palm Beach Post reported.
This is good news for drivers who are required by the state to buy Personal Injury Protection (PIP) medical coverage for car accidents — even though they already have health insurance, such as Medicare.
Florida drivers pay the nation's fourth-highest car insurance premiums, and the state is one of a handful with a no-fault system, according to the newspaper.
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
Already have an account? Sign In Now
© 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.