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Many Ideas, No Consensus on Auto Insurance Reform in Florida

In brief: Lawmakers have many ideas, but few agreements on where auto insurance reform in Florida should go.

The full story

State lawmakers in Florida are arguing ways to reform the state's no-fault insurance law, which requires drivers to carry $10,000 in coverage and which forces insurers to pay no matter the cause of the accident.

The system has been the subject of investigation as it is often abused with fraudulent claims, estimated to be over $1 billion in 2011.

Several plans for reform have been floated by representatives in Tallahassee, but so far, no large consensus on a plan that would give insurers and customers in Florida an idea of where the law may go has emerged.

Summing up

Ideas are varied and heavily argued. Some change only treatment procedures while others change the no-fault law itself.

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