It’s tough to believe anyone still thinks $10,000 is an adequate limit for (auto) bodily injury claims. If they are going to reform their law, they need to set realistic limits.
I never thought I’d live to see the day where I would say this…but even with all its own shortcomings, New Yorks PIP Law provides REAL coverage for accident victims. Minimum is $50,000 and an additional $100,000 can be purchased along with another coverage known as OBEL for $25,000 meaning you can have a total of $175,000 affordable coverage. Yes, there is some fraud, but there always will be as long as there are some dishonest people in the world (contrary to popular myth, not all dishonest people are attorneys in the downstate, NY City area)…..
You are correct, but I doubt the system would work in Florida. The problem to a great extent is judicial determination. Prior to the Michigan Supreme Court reversing Kreiner, the Mi system worked rather well also in balancing the interests of seriously injured auto accident victims with the need to reduce litigation (particularly as to low impact accidents). Post Kreiner, Mi seems to be much worse off. Colorado scrapped their law which was the worst of the bunch, with ultra liberal benefits ($100k) that were often abused for things like protein supplements or vitamins rather than actual curative care. The best move would be to scrap the law. My opinion, yours may differ.
Whether PIP, or traditional Tort driven, auto insurance rates are excessive due to discriminatory pricing by medical providers. Hospitals and physicians who profitably negotiate discounts of 50% to 60% from health insurer providers, gouge auto insurers and their customers prices that have no reasonable relationship to costs. We need “one price fits all” for every purchaser of medical services. Probably just another indicator that the real solution to our health care insurance issues is a government regulated single payor system.
Health care providers do not gouge auto insurers; the providers do not have a contract with the auto insurers and therefore charge full price. Furthermore, according to Medicare & Medicaid rules, providers cannot discount fees without a contract. Do not blame providers for the rates. States should mandate a rate schedule similar to work comp for auto injuries.
Please view the free video “The Solution for Brain Injuries and Bankruptcies” as well as the Public Service Announcement by Best Selling Author Mitch Albom at http://www.neurotraumaassociation.com Hailed by the insurance institute as the finest Model in America, the Michigan Model is funded by drivers for drivers, prevents bankruptcy from medical bills, and saves the State and Federal budgets Billions in Medicaid costs, provides (by design) comprehensive resources for the care, recovery, and rehabilitation of injuries sustained in auto accidents. The Michigan Model is a JOB CREATOR which is why Governor Scott is interested, look under the supporters tab at the NTA website.
@John Gwynne – Seriously? The Michigan Model is a train wreck. I worked for GMAC and we insured there. The state is a mess. Between fraud and 80% of the people having no clue what they are/aren’t insured for…. How can you call it a ‘JOB CREATOR’???? Also, I would love to see you prove the “billions” that horribly wretched state is saving. You can’t.
@uct…You have no clue what you’re talking about. Your opinion is clearly uneducated and based in your extremely limited point of view. You should do some research before opening your mouth. Mr. Prosser on the other hand has done his research and is far more qualified to comment on this post than yourself. Please spare us all your narrow perspectives regarding a state & legislation you know nothing about.
mich indie – the MI system IS a train wreck. Rates are so high people can’t even afford auto insurance in same areas of the state. It is not sustainable and it won’t last.
Any type of insurance by most honest is usually no issue. The problem is that the uninsured motorist who buys PIP or another policy is one that’s going to not pay the monthly or annual payment, default and continue driving without insurance putting honest hard working people in harms way. These are habitual offenders and cost all insured motorist extra $$$! There could be an alternative way of making certain these motorists pay for whatever type of insurance the state requires by issuing a license plate that carries an extra fee to cover the annual payment to include insurance.
I see no reason to revert back to the tort system it was a very big mess in the early seventies until no fault laws came along.. I don’t think increasing court litigation is the answers to what ever problem they perceive that’s going on.. as stated most of the major insurances company’s in florida have lowered there rates some what since 2012,.
what is really needed is to apply modern law enforcement crime/criminal detection technologies for tracking down insurance fraudster’s and scammers,. that should also include tracking unscrupulous attorneys’ and doctors too as all are in hand and glove,.
Auto Insurance reform or changes after reviewing what the news has researched with most of the major
auto insurance companies in florida ,. most have lowered there rates since 2012 with the current
no fault PiP system ,. I see no reasons for florida needing to return to the Tort system which would me more lititgation in the court system when a claim should be settled ,. dropping no fault / Pip and then and increasing the bodily liability minimum coverage amounts will only give the unscrupulous attorney’s and doctors more incentives to work along with the insurance fraudsters and scammers,.
what reform that is needed is better auto Pip and bodily injury liability insurance fraud detection investigations and also applying
modern technologies for tracking and tracing auto insurance fraud,. right down to both the fraudsters/scammers.. and there
Unscrupulous attorney’s ..law firms.. and the doctors that are partaking in it.
increasing Litigation will probably make matters worse in the long run,.. research the 70s before they
had Pip and the No fault laws in florida the court systems were a mass and a mess with auto accident litigation
going on,. which means more of an increase and award amounts to the fraudsters in the long run,.
It’s tough to believe anyone still thinks $10,000 is an adequate limit for (auto) bodily injury claims. If they are going to reform their law, they need to set realistic limits.
I never thought I’d live to see the day where I would say this…but even with all its own shortcomings, New Yorks PIP Law provides REAL coverage for accident victims. Minimum is $50,000 and an additional $100,000 can be purchased along with another coverage known as OBEL for $25,000 meaning you can have a total of $175,000 affordable coverage. Yes, there is some fraud, but there always will be as long as there are some dishonest people in the world (contrary to popular myth, not all dishonest people are attorneys in the downstate, NY City area)…..
You are correct, but I doubt the system would work in Florida. The problem to a great extent is judicial determination. Prior to the Michigan Supreme Court reversing Kreiner, the Mi system worked rather well also in balancing the interests of seriously injured auto accident victims with the need to reduce litigation (particularly as to low impact accidents). Post Kreiner, Mi seems to be much worse off. Colorado scrapped their law which was the worst of the bunch, with ultra liberal benefits ($100k) that were often abused for things like protein supplements or vitamins rather than actual curative care. The best move would be to scrap the law. My opinion, yours may differ.
Whether PIP, or traditional Tort driven, auto insurance rates are excessive due to discriminatory pricing by medical providers. Hospitals and physicians who profitably negotiate discounts of 50% to 60% from health insurer providers, gouge auto insurers and their customers prices that have no reasonable relationship to costs. We need “one price fits all” for every purchaser of medical services. Probably just another indicator that the real solution to our health care insurance issues is a government regulated single payor system.
Health care providers do not gouge auto insurers; the providers do not have a contract with the auto insurers and therefore charge full price. Furthermore, according to Medicare & Medicaid rules, providers cannot discount fees without a contract. Do not blame providers for the rates. States should mandate a rate schedule similar to work comp for auto injuries.
Please view the free video “The Solution for Brain Injuries and Bankruptcies” as well as the Public Service Announcement by Best Selling Author Mitch Albom at http://www.neurotraumaassociation.com Hailed by the insurance institute as the finest Model in America, the Michigan Model is funded by drivers for drivers, prevents bankruptcy from medical bills, and saves the State and Federal budgets Billions in Medicaid costs, provides (by design) comprehensive resources for the care, recovery, and rehabilitation of injuries sustained in auto accidents. The Michigan Model is a JOB CREATOR which is why Governor Scott is interested, look under the supporters tab at the NTA website.
@John Gwynne – Seriously? The Michigan Model is a train wreck. I worked for GMAC and we insured there. The state is a mess. Between fraud and 80% of the people having no clue what they are/aren’t insured for…. How can you call it a ‘JOB CREATOR’???? Also, I would love to see you prove the “billions” that horribly wretched state is saving. You can’t.
Yes, some carriers did lower PIP rates. But that was only after they raised them last spring in anticipation of the new law.
@uct…You have no clue what you’re talking about. Your opinion is clearly uneducated and based in your extremely limited point of view. You should do some research before opening your mouth. Mr. Prosser on the other hand has done his research and is far more qualified to comment on this post than yourself. Please spare us all your narrow perspectives regarding a state & legislation you know nothing about.
mich indie – the MI system IS a train wreck. Rates are so high people can’t even afford auto insurance in same areas of the state. It is not sustainable and it won’t last.
The only people who like the Mich set up are the doctors and care providers and the plaintiff’s bar. In that respect, in has a lot in common with FLA.
Any type of insurance by most honest is usually no issue. The problem is that the uninsured motorist who buys PIP or another policy is one that’s going to not pay the monthly or annual payment, default and continue driving without insurance putting honest hard working people in harms way. These are habitual offenders and cost all insured motorist extra $$$! There could be an alternative way of making certain these motorists pay for whatever type of insurance the state requires by issuing a license plate that carries an extra fee to cover the annual payment to include insurance.
well we really need to be insured, thank you also for sharing this article you may try this PPLIC
I see no reason to revert back to the tort system it was a very big mess in the early seventies until no fault laws came along.. I don’t think increasing court litigation is the answers to what ever problem they perceive that’s going on.. as stated most of the major insurances company’s in florida have lowered there rates some what since 2012,.
what is really needed is to apply modern law enforcement crime/criminal detection technologies for tracking down insurance fraudster’s and scammers,. that should also include tracking unscrupulous attorneys’ and doctors too as all are in hand and glove,.
Auto Insurance reform or changes after reviewing what the news has researched with most of the major
auto insurance companies in florida ,. most have lowered there rates since 2012 with the current
no fault PiP system ,. I see no reasons for florida needing to return to the Tort system which would me more lititgation in the court system when a claim should be settled ,. dropping no fault / Pip and then and increasing the bodily liability minimum coverage amounts will only give the unscrupulous attorney’s and doctors more incentives to work along with the insurance fraudsters and scammers,.
what reform that is needed is better auto Pip and bodily injury liability insurance fraud detection investigations and also applying
modern technologies for tracking and tracing auto insurance fraud,. right down to both the fraudsters/scammers.. and there
Unscrupulous attorney’s ..law firms.. and the doctors that are partaking in it.
increasing Litigation will probably make matters worse in the long run,.. research the 70s before they
had Pip and the No fault laws in florida the court systems were a mass and a mess with auto accident litigation
going on,. which means more of an increase and award amounts to the fraudsters in the long run,.