Florida Insurance Commissioner Kevin McCarty Recaps Personal Injury Protection Reform Milestones With Timeline; Calls CS/CS/HB 119 a ‘Collaborative Effort’

May 4, 2012

 

Calling the enactment of Personal Injury Protection Insurance Reform Bill CS/CS/HB 119 a “collaborative effort,” Florida Insurance Commissioner Kevin McCarty compiled a retrospective timeline of events and key documents leading up to Florida Governor Rick Scott’s signing of the bill today, May 4, 2012.

The timeline, which contains hyperlinks to referenced key documents, is reprinted below, along with Commissioner McCarty’s statement on today’s events.

Earlier, the Commissioner issued an Informational Bulletin to Florida motor vehicle insurers about filings necessary to implement notice requirements in the new law.

 

Should you have any questions or comments, please contact Colodny Fass.

 

-FROM THE FLORIDA OFFICE OF INSURANCE REGULATION-

Office Statement from Florida Commissioner Kevin McCarty

May 4, 2012

The passage of HB 119, signed by Gov. Scott today, was due to a collaborative effort involving businesses, consumers, law enforcement and public officials who together identified that PIP fraud was directly contributing to auto insurance rate increases. The Office issued a data call and shared its results and findings with the Governor and Cabinet, which ultimately resulted in the bill signing today. With the signing of HB 119, everyone involved in this process should share the credit in bringing this bill to fruition.  A timeline of significant events that contributed to the passage of this important legislation is below.

Timeline of Important Events:

January 13, 2011 – Office issues PIP data call to the industry
April 11, 2011 – Office issues: Report on Review of the 2011 PIP Data Call
August 16, 2011Office Cabinet Presentation on PIP Data
December, 2011 – Consumer Advocate Issues: Report on Florida Motor Vehicle No-Fault Insurance (Personal Injury Protection)
January, 2012 – Representative Boyd (HB 119) and Senator Negron (SB 1860) file bills involving PIP Reform
January 24, 2012 – PIP Rally at the Capital featuring Gov. Scott, CFO Atwater, Commissioner McCarty and others
January 27, 2012 – Commissioner McCarty Issues Letter-to-the-Editor “Getting Back to Basics: Fixing the PIP Problem.”
February 7, 2012 – Put the Brakes on Accident Fraud Media Availability
March 2, 2012Office Releases Preliminary 2011 Financial PIP Data
March 8, 2012PIP Press Conference in Governor’s Office — Gov. Scott, CFO Atwater, and Commissioner McCarty take questions from the press

 

                                             

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