Auto insurance rates would soar under just-passed bill
David A. Sampson
The Florida Legislature passed Senate Bill 54 in the final days of the session, and now Florida drivers are facing dramatically higher auto insurance costs if Gov. Ron DeSantis does not intervene.
Without swift action by the governor, auto insurance costs could skyrocket up to an additional $860 annually for many Florida drivers and lead to more uninsured motorists on Florida’s roads.
SB 54 eliminates Florida s 50-year-old no-fault auto insurance system and replaces it with a requirement that Florida drivers purchase and carry a package of mandatory liability and medical payments coverage. If you drive a car, this is a major policy change that affects you.
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Until recently, Florida has had a Personal Injury Protection (PIP) insurance system, also known as “no-fault insurance.” The intention of PIP was to provide injured drivers immediate.
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50-Plus Insurers Met Deadline to Comply With Washington’s Credit Rule May 7, 2021
Washington Insurance Commissioner Mike Kreidler announced today that more than 50 insurance companies met the May 6 deadline to file rating plans that comply with his emergency rule to temporarily prohibit the use of consumers’ credit scores.
A temporary ban on the use of credit scores for insurance takes effect June 20. Companies that failed to meet the deadline are in violation of state law and are subject to disciplinary action by Kreidler’s office.
Roughly 200 companies are licensed to sell auto, homeowner and renter insurance in Washington. However, not all companies licensed to sell property/casualty policies offer them in the state, according to Kreidler’s office.