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Oklahoma Court: Progressive s Uninsured Motorist Exclusion Not Lawful

Oklahoma Court: Progressive s Uninsured Motorist Exclusion Not Lawful
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

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House votes to repeal no-fault insurance system

House votes to repeal no-fault insurance system
floridapolitics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floridapolitics.com Daily Mail and Mail on Sunday newspapers.

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Florida House set to vote on repeal of no-fault insurance system

TALLAHASSEE An effort to end the state’s no-fault auto insurance system is set for a vote next week in the Florida House. The House took up the proposal Friday and, with little discussion, positioned it for a vote. The bill (SB 54) would eliminate the requirement that motorists carry personal-injury protection, or PIP, coverage, and replace it with a requirement that they have bodily-injury coverage. The Senate already approved the bill, but the proposal would have to bounce back to the Senate if it is backed by the House. That is because the House made changes to the bill Friday.

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Carriers: No-fault repeal will increase, not lower, Florida auto insurance rates

by John Haughey, The Center Square contributor | April 21, 2021 07:00 PM Print this article Doing away with no-fault insurance and requiring Florida drivers purchase mandatory bodily injury (MBI) coverage won’t lower Florida’s nation-leading auto insurance rates but increase them further, another auto insurer maintains. For at least 40 percent of Florida’s 16 million drivers who don’t now have MBI coverage – about 7 million – replacing the state’s no-fault system with MBI could mean annual rate increases of $600 to $1,000, according to Don Moser, president of Amwins Specialty Auto of Florida. “This will be most pronounced in the segment of our population with limited income, including a disproportionate impact on minorities,” Moser said in a Tuesday statement.

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Florida House moves closer to passing plan to repeal no-fault system

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.

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