Florida Lawmakers Want Explanation From Insurers on PIP

Top Florida lawmakers are running out of patience with the state’s four-decade old no-fault automobile insurance system that has already cost policyholders several hundred millions of dollars as a result of rampant fraud.

Senate President Don Gaetz is among those willing to make changes. The Niceville Republican told The Associated Press that he wouldn’t have to be pushed hard to go to a mandatory bodily injury program.

Gaetz said he voted for reform in the personal injury protection provisions in exchange for lower premiums but hasn’t seen the savings promised to consumers. Gaetz believes lawmakers addressed the cost drivers for insurers in legislation passed a year ago but doesn’t think the insurance companies have held up their end.

House Speaker Will Weatherford said Tuesday he has similar concerns.