TALLAHASSEE, Fla. (AP) — Gov. Rick Scott and the Florida Cabinet are receiving a briefing on the controversial personal injury protection insurance frequently called PIP.
Florida Insurance Consumer Advocate Robin Westcott is making the presentation at Tuesday’s Cabinet meeting. Westcott is a former executive at the Office of Insurance Regulation that has the final say on rates that are charged Florida insurance consumers. She now serves as an advocate in the Chief Financial Officer Jeff Atwater’s office.
PIP is blamed in part for skyrocketing premiums on automobile coverage. State law requires motorists to purchase the no-fault coverage for personal injuries.
The governor and Cabinet will also hear a report from the president of the state-backed Citizens Property Insurance Corp., which is Florida’s largest insurer of homes and businesses with 1.5 million policyholders.
Source: Associated Press