A task force set up by Chief Financial Officer Jeff Atwater may not be able come up with any remedies but members had not trouble identifying a problem as they reviewed the current state of personal injury protection insurance in Florida, reports the News Service of Florida. On Thursday, the task force released its findings to Legislative leaders. Unable to reach consensus on specific recommendations, the panel instead said PIP has merit and lawmakers need to address the issue of skyrocketing PIP claims, fraud, and increasing premiums. Beyond that, the diverse groups couldn’t come up with anything to fix it, an apparent testament to the controversy surrounding the no-fault system created to provide $10,000 in medical coverage to injured motorists following a crash.
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The Property Casualty Insurers Association of America (PCI) responds, commending the offices of the Insurance Consumer Advocate (ICA) and Chief Financial Officer on a new ICA report on no fault auto insurance fraud, and calls on the legislature to transform the state
