According to Pinnacle Actuarial Resources, the Bloomington, IL company appointed by the state to evaluate the effects of Florida’s recently amended PIP law, Floridians could see a 12 to 20% reduction in PIP premiums. The initial report does add the caveat that overall insurance premiums could still increase but the potential PIP premium reductions could offset any net increase.
The final report from Pinnacle is due to the Governor and Legislature by September 15, 2012.
The full article from the Miami Herald is available here.
