Earlier this week, the Florida Supreme Court denied a review of Myers v. McCarty, a request for rehearing that Property Casualty Insurers Association of America’s Donovan Brown believes, if successful, would have dismantled the 2012 legislation transforming Florida’s auto insurance system for the benefit of the consumers.
In a statement, Brown, state government relations counsel for PCI, responded to the court’s denial:
“Recent evidence reveals implementation of the 2012 PIP reforms led to reduced fraud and suppression of the PIP portion of auto rates, yet certain individuals still sought to put the brakes on the reforms benefitting Florida’s drivers. PCI and its members will continue to support full implementation of the PIP reforms for the benefit of consumers. However, we believe those challenging the PIP laws will continue their attempts to wipe away consumer benefits for personal gain by pursuing efforts to strike down the PIP law in every available forum.”
“Floridians deserve better – PCI and its members wish to see that Florida’s consumers are provided with much needed relief once and for all as we move forward. The decision by the Florida Supreme Court today is just that, a step forward.”
A recently released report by the National Crime Insurance Bureau revealed a decline in Florida’s PIP questionable claims, down 7.6 percent from 2012. The report attributes this decline to tighter legislation, enhanced public awareness and a coordinated law enforcement response. See the full report here.
PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write over $195 billion in annual premium, 39 percent of the nation’s property casualty insurance. Member companies write 46 percent of the U.S. automobile insurance market, 32 percent of the homeowners market, 37 percent of the commercial property and liability market, and 41 percent of the private workers compensation market.