Florida has a new law to combat insurance fraud, but so far it isn’t lowering rates.
Personal Injury Protection fraud was reportedly rampant before the state legislature passed PIP Reform.
The law took hold in July, but so far drivers are paying the same for coverage.
But the Chief Financial Officer says rates should come down next year.
Atwater: My hope would be early next year you’ll be able to see the evidence and by mid to late next year rates should be coming down. (Read Full Article Here)