Insurance Industry Turns On Fla.'s 'No Fault' Fix, Urges Veto
Senior Policy Advisor Beth Vecchioli was quoted in a Law360 article about a bill in Florida which would end the requirement to carry personal injury protection, or PIP, insurance and require drivers to instead have bodily injury liability coverage. Insurance industry leaders are asking Gov. Ron DeSantis to veto the bill, saying it does not address issues of bad faith claims and could potentially drive up the number of uninsured motorists.
"We think this could potentially drive up rates for those individuals who can't afford it," said Ms. Vecchioli. "We're concerned the rates will be higher for them and they won't be able to get insurance at all and we'll have a lot of uninsured motorists on the road."
READ: Insurance Industry Turns On Fla.'s 'No Fault' Fix, Urges Veto