"In Florida, approximately 40 percent of drivers carry minimum limits. Skyrocketing costs could have also resulted in coverage becoming unaffordable for many, leading to more uninsured drivers on Florida's roads," said APCIA's Logan McFaddin, assistant vice president of state government relations. (Credit: PongMoji/Shutterstock)

Florida Gov. Ron DeSantis has vetoed a bill that would have repealed the state's no-fault auto insurance rules. If signed, the law would have required bodily injury liability coverage with limits of $25,000 per claimant and $50,000 per occurrence.

"While the PIP system has flaws and Florida law regarding bad faith is deficient, CS/CS/SB 54 does not adequately address the current issues facing Florida drivers and may have unintended consequences that would negatively impact both the market and consumers," DeSantis wrote in his letter of objection to Florida's secretary of state.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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