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- Data Continues to Prove Florida PIP Legislation is Protecting Consumers
- TALLAHASSEE—Logan McFaddin, state government relations counsel for the Property Casualty Insurers Association of America (PCI), issued the following statement in response to The Florida Office of Insurance Regulation (Office) release of comprehensive report on the review of the Motor Vehicle Personal Injury Protection (PIP) reforms passed in 2012.
“PCI and its members are pleased with the results from OIR’s recent report regarding the decline in number of fraudulent personal injury protection (PIP) claims in Florida. We will continue to support full implementation of the PIP reforms for the benefit of consumers and to stop fraud in the auto insurance system. Bold steps were taken during the 2012 Legislative session to stop the criminals and better protect consumers, and this report proves the reforms are working to protect Florida’s hardworking 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. PCI will continue to support legislation that protects Florida consumers from fraudsters attempting to exploit consumers.”
- PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write more than $195 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 28 percent of the homeowners market, 33 percent of the commercial property and liability market and 35 percent of the private workers compensation market.
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