Floridians Have Sent More Than 20,000 Letters to Lawmakers Opposing SB 54
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 the passage of Senate Bill 54 (Motor Vehicle Insurance) by the Florida House.
“With the passage of SB 54 by the Florida House today, Florida drivers are unfortunately another step closer to higher auto insurance costs. According to APCIA’s analysis, SB 54 could increase the cost of the average auto insurance policy by as much as 23 percent or $344. Drivers who carry the lowest levels of coverage could see increases as high as $805 a year. This would impose a tremendous financial burden on Floridians.
“The bad faith provisions in the bill are especially concerning as they offer no meaningful reforms to Florida’s current bad faith laws, which are a primary source of lawsuit abuse and a key cost driver in the Florida auto insurance system.
“Florida drivers have sent more than 20,000 letters to lawmakers to oppose this legislation, which is likely to increase their auto insurance costs, result in more uninsured drivers on Florida’s roads, and worsen Florida’s legal environment.
“APCIA urges the Florida Senate to oppose SB 54.”
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.