Capitol Chatter: June 22


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  • | 6:16 a.m. June 22, 2012
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  • Florida
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No-fault law savings to be measured
After a battle lasting several years, Florida lawmakers feel like they fixed the state's soaring no-fault drivers insurance law.
Now they're going to pay $150,000 to find out if a consultant thinks they did.

The program requires all drivers to purchase no-fault car insurance, also known as PIP for personal injury protection, to provide up to $10,000 in immediate medical coverage to bridge the first weeks and sometimes more when insurance companies are determining payments but medical care is required.

But the law has been plagued with widespread fraud that has been driving up premium costs levied by insurance companies to try to keep up with soaring claims.

 

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