TALLAHASSEE A proposal to end the state’s no-fault auto insurance system got a boost Monday as the House took up most of a plan that the Senate passed last week.
While insurance-industry lobbyists contend the change could increase rates for many Florida motorists, the House Judiciary Committee in an 18-2 vote backed an amended bill (HB 719) that would eliminate the no-fault system and the requirement that motorists carry personal-injury protection, or PIP, coverage.
Under the proposal, motorists would be required to purchase bodily injury coverage, which many already have in their policies. But while House members approved the proposal, some expressed concern about a lack of updated information about the financial impact of the bill.
Sunburn â The morning read of whatâs hot in Florida politics â 3.10.21
Good Wednesday morning:
Donald Trump over Joe Biden by a couple of points on Election Day, and not much has changed in the four months since, according to new polling from Mason-Dixon.
The pollster didnât put the former President head-to-head with his successor, but it did find that Bidenâs job approval rating is underwater, with 47% of voters approving and 49% disapproving. The balance is undecided.
Floridians still prefer Donald Trump to Joe Biden, a new survey finds.
Biden does hold a dominant plus-77 approval rating among Black voters and enjoys a plus-12 among Hispanic voters, but White voters are decidedly not fans, handing him a minus-21. Women and South Florida residents were also on his side, too, though men and voters from every other region are nonplussed.
‘Desperate’ Times: Stakeholders Urge Florida Lawmakers to Enact Insurance Reform
It’s the start of another Florida Legislative Session with a familiar theme insurers pushing for reforms they say are needed to help the state’s distressed insurance market. Only this year the need is more urgent than ever, according to industry experts and stakeholders, as consumers face unprecedent rate increases and constrictions in coverage availability.
“We’re advocating that the legislature take a good look at some of the issues that are plaguing the Florida property insurance market right now to see if we can make some reforms to stabilize not only the performance of the carriers, but also the impact that has on the consumers,” said Florida Insurance Commissioner David Altmaier in an interview with Insurance Journal. “One of the major if not the major focal point for our office … is working on this very challenging time.”
Home insurance hikes in Florida: Why you could be paying more for the same protection
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JACKSONVILLE, Fla. – Sticker shock is a mild description of what Florida homeowners may be experiencing after learning they may be required to pay to keep their homeowners insurance active next year.
The Office of Insurance Regulation reports it has approved insurance rate increases as high as 33%, and insurance experts say the industry as a whole is nearing a crisis.
Let’s say your homeowners insurance is $4,400 dollars a year. For no fault of your own, you could be forced to pay another $1,450 on top of that. According to Personal Insurance Federation of Florida CEO Michael Carlson, there are some major problems in the insurance industry right now that appear to be worsening.