“Four Pillars” needed to lower costs: fraud prevention, litigation reform, medical provider reform and accountability
Tallahassee, Fla. – Today, Governor Rick Scott, Chief Financial Officer Jeff Atwater and legislative leaders identified four issues that must be addressed in order to rein in Personal Injury Protection (PIP) auto insurance fraud and reduce insurance rates for Florida consumers.
According to the Florida Office of Insurance Regulation, the number of Florida drivers has remained stable and the frequency of crashes has declined from 2006 to 2010 while the number of PIP claims opened or recorded increased 28 percent. In addition, the payment on PIP claims increased 66 percent during the same period.
“To tackle this nearly billion dollar hidden tax and keep the cost of living low in our state, Florida must have significant PIP reform,” Governor Scott said. “As I have heard from Floridians, they are fed up with being cheated by scammers who get a payday while innocent citizens get stuck with skyrocketing insurance costs.”Tweet