The American Property Casualty Insurance Association (APCIA) today issued the following statement, attributed to its assistant vice president of state government relations Logan McFaddin, regarding House Bill 719 (Motor Vehicle Insurance) by Representative Erin Grall, which passed out of the House Civil Justice and Property Rights Subcommittee today.
“House Bill 719 repeals Florida’s no-fault auto insurance system without addressing much needed bad faith reforms, which could lead to higher costs for consumers and increased litigation.
“Florida already has some of the highest auto insurance costs in the country and our state’s court system is experiencing a significant backlog of cases due to the pandemic. Florida also currently has the highest rate of uninsured motorists in the nation at 26 percent. If auto insurance costs were to go up, it could lead to even more uninsured motorists on Florida’s roads.
“Any attempt to repeal the existing no-fault auto insurance system should contain bad faith reforms that will combat rampant litigation abuse, ensure policyholders’ rights are protected, and help lower auto insurance costs for Floridians.
“As the legislature considers bills in the House and Senate to repeal Florida’s no fault auto insurance system, APCIA urges lawmakers to ensure bad faith reform is included.”
The American Property Casualty Insurance Association (APCIA) is the primary national trade association for home, auto, and business insurers. APCIA promotes and protects the viability of private competition for the benefit of consumers and insurers, with a legacy dating back 150 years. APCIA members represent all sizes, structures, and regions—protecting families, communities, and businesses in the U.S. and across the globe.