Some of the largest providers of automobile insurance in Florida have
filed for rate decreases in their personal injury protection rates of as
much as 10 percent in the first major sign that the PIP reforms passed by lawmakers earlier this year are having their intended effect.
As part of a comprehensive rewrite of Florida’s PIP law earlier this
year, lawmakers required all auto insurers to make a filing as of
October 1, reflecting a 10 percent reduction in the PIP portion of their
rates or provide a detailed reason why it is unable to do so. Read more...
(Ref: Insurance Journal, October 12, 2012)
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