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Lawmakers To Again Consider ‘No Fault’ Repeal
August 18, 2017
A long-discussed proposal to repeal Florida’s no-fault auto insurance system is headed back to the Legislature in 2018.
Sen. Tom Lee, R-Thonotosassa, filed a bill this week that would repeal the no-fault system, which requires motorists to carry $10,000 in personal-injury protection, or PIP, coverage. In its place, Lee’s bill would require motorists to carry bodily-injury and medical-payment coverages.
Lawmakers have repeatedly considered revamping auto-insurance laws in recent years and passed a 2012 measure aimed at curbing fraud and lowering rates in the PIP system. But in a prepared statement this week, Lee pointed to continuing problems with fraud and high insurance premiums.
“While well intentioned anecdotally, Florida’s Motor Vehicle No-Fault Law has resulted in widespread fraud, abuse and a complex litigation process,” Lee said. “Since its enactment (in the) `70s, the value of the PIP benefit has eroded, while Florida’s auto insurance premiums continue to rise.”
by The News Service of Florida
NorthEscambia.com file photo, click to enlarge.
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