Florida Office of Insurance Regulation Releases Final Actuarial Study on PIP Insurance
Sep 14, 2016
The Florida Office of Insurance Regulation advised today, September 14, 2016, that it has released an actuarial study written by Pinnacle Actuarial Resources, Inc. (“Pinnacle”) that estimates the effect of cost savings realized by insurance companies writing Personal Injury Protection (“PIP”) auto insurance as a result of reforms from HB 119, which was enacted in 2012.
Pinnacle was also asked to look at various scenarios involving premium impacts to Floridians if certain insurance requirements related to PIP were repealed.
A copy of the study can be found here.
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