Debate continues as no-fault insurance repeal awaits governor’s signature

TALLAHASSEE, Fla. – Florida’s no-fault auto insurance coverage legislation is on the chopping block as laws that may repeal the decades-old legislation awaits Gov. Ron DeSantis’ signature.

Florida’s no-fault legislation at present requires drivers to hold not less than $10,000 of non-public harm safety protection.

“Honesty that greenback quantity is gone the second you stroll by way of the emergency room door,” stated State Senator Danny Burgess, who sponsored the repeal within the Florida Senate.

Burgess argued his laws, which might now require drivers to hold $25,000 of bodily harm protection, will decrease charges by 5 to 6 p.c on common and supply higher protection.

However Logan McFaddin with the American Property Casualty Insurance coverage Affiliation stated the change may elevate charges by $860 a 12 months for the 40% of motorists at present holding the minimal protection.

Because it stands, one out of 5 Floridians doesn’t have auto insurance coverage in any respect.

“We don’t need the folks that may afford it the least getting hit the toughest after which doubtlessly turning into uninsured,” stated McFaddin.

Advert

Burgess stated as a result of the brand new system consists of measures to scale back fraud, it would in the end result in decrease charges.

“The holy grail of TORT reform is dangerous religion reform. We have now some significant issues on this invoice which can be going to additional cut back prices,” stated Burgess.

However McFaddin believes it would do precisely the other.

“The definitions within the invoice do present much more ambiguity and within the authorized system that opens the doorways for extra lawsuits,” stated McFaddin.

Now DeSantis is confronted with the tough job of sifting by way of the countervailing narratives and deciding whether or not repealing the 50-year-old legislation will actually result in financial savings or charge hikes.

News4Jax reached out to the Governor’s workplace for perception on his place on the no-fault repeal however didn’t hear again.

The American Property Casualty Insurance coverage Affiliation stated Floridians have despatched DeSantis greater than 35,000 letters calling for a veto.