Florida last reformed personal-injury protection requirements for auto insurance in 2012, and initially saw significant auto insurance premium declines, with a 14.4% drop in 2014. However, two years later, rates shot back up to slightly more than 25% (Credit: tommaso79/Shutterstock.com)
A bill filed in the Florida State Senate on Jan. 15, 2021, would repeal the state's current no-fault law requiring drivers to carry personal-injury protection (PIP) insurance coverage, according to a release from the legislative body. The new law would instead require drivers to carry bodily injury liability coverage.
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.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
