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Florida Proposes Changes to the No-Fault Insurance Law

Florida Proposes Changes to the No-Fault Insurance Law

Florida's legislature wants to reform the existing no-fault injury system.

Currently, Florida law requires that drivers carry a minimum of $10,000 in auto insurance. If a driver gets into an accident then insurance companies must pay medical expenses regardless of fault.

The problem is that Florida has seen a surge of insurance fraud that capitalizes on the rule. Because insurance companies must pay out, it has incentivized many to stage accidents and collect insurance payments. Consequently, insurance rates are incredibly high in Florida. Tampa and Miami are included in the top 10 most expensive cities in the United States for auto insurance.

The governor and the legislature are clear that they want to make a change. But there is a great deal of debate over what the appropriate change should be.

Presently, there are two major bills that have been proposed with Florida's legislature. One was initiated in the House and would require accident victims to report directly to an emergency room following an accident. The theory is that corrupt doctors would not be able to lie about injuries that someone suffered to simply collect insurance payments.

A different proposal was initiated in the Senate and would require long-form reporting by police and increased regulation of independent clinics.

There are major objections to each set of proposals. It's clear, however, that lawmakers will make some kind of change.