The American Property Casualty Insurance Association (APCIA) raised concerns over the passage of Florida House Bill 1181 (HB 1181) out of the Florida House Insurance & Banking Subcommittee that would reform no-fault insurance and increase minimum coverage limits.
“Efforts to repeal Florida’s no-fault auto insurance system could result in higher auto insurance costs and increased litigation at a time when the state’s insurance market is in recovery and consumers are beginning to see signs of relief. Several major auto insurers have filed for rate reductions recently ranging from 6% to 10.5%. These positive trends could be reversed if Florida’s no
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