Florida's No-Fault Insurance Repeal: How it Could Impact Your Underwriting Strategy
Insurance professionals take note: Florida's House Commerce Committee just advanced a bill to eliminate the state's no-fault auto insurance system by July 2026. This major shift would require drivers to carry bodily injury liability coverage with minimums of $25K/$50K/$10K instead of the current PIP requirements. Industry experts, including the Personal Insurance Federation of Florida, warn this could significantly increase premiums and potentially lead to more uninsured drivers on Florida roads.
With Governor DeSantis having previously vetoed similar legislation due to rate concerns, underwriters must prepare contingency plans for this potential market disruption.
If implemented, this change would necessitate complete rating revisions and likely alter your risk assessment models for the Florida market.
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