House Panel Considers PIP Insurance Overhaul ? CBS Tampa
(Photo credit: CARMEN JASPERSEN/AFP/Getty Images)
TALLAHASSEE, Fla. (AP) ? A House panel will consider overhauling Florida?s personal-injury insurance that is now overcome with fraud.
The Civil Justice Subcommittee is meeting on Wednesday to work on a bill (CS/HB 119) overhauling the state?s personal injury protection ? or PIP ? coverage.
The proposed law requires those hurt in a wreck to go to a hospital emergency room or hospital-owned walk-in clinic for PIP coverage to kick in.
PIP insurance pays up to $10,000 to cover medical bills and lost wages after an accident. It doesn?t matter who caused the wreck. All Florida drivers must carry such ?no-fault? insurance.
But fraudsters have turned Florida into the top state for staged accidents. PIP fraud is estimated to reach $1 billion this year.
Copyright 2012 The Associated Press.
Source: http://tampa.cbslocal.com/2012/01/25/house-panel-considers-pip-insurance-overhaul/
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