Florida insurers have been struggling with Personal Injury Protection (PIP) auto insurance fraud and this type of fraud has been growing in recent years. In 2011, PIP reform measures failed to pass in Florida, but expect for this issue to come up again in 2012 in the Florida legislature.
Florida state law requires drivers to carry auto insurance and a minimum of $10,000 in Personal Injury Protection (PIP) insurance coverage in the event that they or any of the passengers in their car are injured in an automobile crash. PIP auto insurance covers 80% of medical expenses and/or 60% of lost wages.
Auto insurance providers have cited the growing problems with insurance fraud as a primary cause of increasing PIP insurance costs in Florida, costs which are being passed on to the consumer who is required by Florida law to carry the insurance.
Healthcare providers, auto insurers and consumers all have strong beliefs about what a “reformed” PIP law might look like, so this is sure to be a debate to watch as 2012 unfolds.
Read more about accident fraud online at: http://i-issues.com/fraud-uncovered/news or at the Division of Insurance Fraud: http://www.myfloridacfo.com/fraud/Newsletters/PIPSource/PIPSourceDec11.pdf
John Pangallo Law Office
2201 Ringling Blvd # 205
Sarasota, FL 34237
Phone: (941) 954-3611