no fault insurance News

Auto Insurance Claim Costs Rising Again

Auto insurance claim costs countrywide have recently increased, reversing previous trends of declining or relatively stable costs. A new report from the Insurance Research Council (IRC), “Trends in Auto Injury Claims, 2011 Edition,” documents auto injury claim trends, both countrywide …

Insurer Trade Group Urges Florida to Curb Auto Insurance ‘Fraud Tax’

Florida should allow more time for looking into suspicious claims, place a cap on attorneys’ fees and more closely regulate medical clinics to help reduce rampant fraud in the state’s personal injury protection (PIP) auto insurance system, an insurer trade …

N.Y. Official Says Alleged Insurance Scam Artist Caught

New York Attorney General Eric Schneiderman announced the arrest of an alleged scam artist, Arthur Bogoraz, who officials contend devised a massive scheme to defraud insurance companies out of millions of dollars. Bogoraz has allegedly defrauded no-fault insurance providers by …

Florida Governor Suggests Making PIP Coverage Optional for Drivers

Florida drivers should have the option to forgo purchasing what is now mandatory auto personal injury protection (PIP) coverage, says Gov. Rick Scott. Following the failure of lawmakers this year to reform the state’s no-fault auto law, Scott has now …

Florida Lawmakers Take Two-Pronged Approach to Insurance Reform

Tort reform and fraud have become the two big targets as Florida lawmakers are finally gearing up to tackle the state’s no-fault auto insurance law. Taking a divide and conquer approach, the House Insurance and Banking Subcommittee has approved a …