Takeaways from Tallahassee — Legislative misses
The Legislature is barking up the wrong tree on PIP repeal, according to Florida Justice Reform President William Large. Fixing Florida’s bad-faith laws would do more to lower premiums, he said in a written statement.
“This landmark PCI report on HB 19 proves it — repealing no-fault and mandating bodily injury insurance will cost every driver in Florida more money,” Large said. “And mandating medical payments coverage, as proposed in SB 150, will just cost drivers even more.”
He referred to an analysis released by the Property Casualty Insurers Association of America.
“Meanwhile, the legislature has yet to show interest in fixing Florida’s bad faith laws, which the PCI report shows could deliver real savings estimated at 6.7 percent,” Large said.
“The bottom line is, more insurance costs more money. HB 19 and SB 150 won’t deliver for Florida’s drivers. The Legislature should start over and commit to an auto insurance system that delivers only the coverages Florida’s drivers need at the lowest cost.”