American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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Contact:

Brooke Kelley-Hunt

Phone:

847-553-3671 or 847-894-3881

Email:

Brooke.kelley-hunt@pciaa.net

 

 

FOR RELEASE ON RECEIPT

March 28, 2014

Data Proves Florida PIP Legislation is Working to Protect Consumers

TALLAHASSEE- Donovan Brown, state government relation counsel for the Property Casualty Insurers Association of America (PCI), issues the following the statement in response to the National Insurance Crime Bureau (NICB) report revealing a decline in the number of fraudulent personal injury protection (PIP) claims in Florida.

“We now have further evidence that illustrates the PIP reforms enacted in 2012 to drive down unchecked fraud and abuse and protect the hardworking citizens in Florida are working. Stakeholders took bold steps to transform Florida’s auto insurance system and enact reforms intended to stop criminals and protect Floridians from the damage and rate shock caused by those focused on lining their pockets at the expense of consumers.

PCI and our members are pleased with the results of the NICB report. Since litigation attempts by unscrupulous fraudsters to derail these consumer-friendly reforms have thus far failed, and as the reforms continue to be implemented, consumers are starting to see the benefits of the reforms intended to provide a sustainable and fraud free auto insurance system that Floridians deserve. Moving forward, we need to continue to raise awareness about fraud and give the transformed PIP system the ability to work before making any dramatic changes.”

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.

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