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New group with secretive funding challenges FPL's 4-year, $2 billion rate increase

New group with secretive funding challenges FPL's 4-year, $2 billion rate increase
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Controversial bill that would eliminate PIP insurance headed to Governor DeSantis' desk

The highly debated measure would end Florida's no-fault insurance, also known as PIP. Critics say if PIP goes away, it will trigger drastic rate hikes on drivers who can least afford it. ....

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Controversial bill to abolish no-fault auto insurance may mean higher premiums for Florida drivers

Controversial bill to abolish no-fault auto insurance may mean higher premiums for Florida drivers
Critics of SB 54 say drivers will pay $344 more on average
Bill could eliminate personal injury protection
and last updated 2021-05-11 09:55:18-04
HILLSBOROUGH COUNTY, Fla. â Critics of SB 54 say drivers will pay $344 more on average
Senate Bill 54 gets rid of no-fault or personal injury protection insurance, commonly called PIP.
Instead of paying PIP premiums, drivers would be required to buy bodily injury insurance coverage. And the insurance company for the driver who is at fault in an auto crash would have to pay out up to $25,000 for any injuries. ....

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Florida property insurance reform still alive in Tallahassee

By
Mitch Perry
Florida
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A measure that aims to reform Florida’s property insurance industry was scheduled to get its last committee stop in the Florida House on Monday, but that vote in the Commerce Committee will now take place on Friday.
What You Need To Know
Bills in Tallahassee would prevent insurance companies from having to pay full amount to replace roofs
They would make it harder for homeowners to sue insurance companies
Supporters say the legislation won’t make rates drop right away, but it has to be done
Opponents say the measure goes to far
Republican Bob Rommel says the legislation (HB 305) is vital to deal with the “crisis” in the home property insurance industry, with rates going up 15%-30% annually for insurance companies in the state with “no end in sight.” ....

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Florida lawmakers are being misled about insurance lawsuits, expert contends

Florida lawmakers are being misled about insurance lawsuits, expert contends
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

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