Florida House Passes Bill to Repeal No-Fault Auto Insurance

The Florida House Insurance & Banking Subcommittee has passed a bill, HB 1181, which seeks to repeal the state's no-fault auto insurance system. Advocates for the repeal argue it could provide more fair compensation in auto accidents, but the American Property Casualty Insurance Association (APCIA) warns that this change could lead to increased auto insurance rates and litigation. Experts suggest that low-income drivers could be particularly affected due to the potential increase in minimum insurance coverage requirements. APCIA also highlighted that recent legal reforms have shown positive trends in stabilizing Florida's insurance market by reducing costs and litigation. The association urges the Florida legislature to oppose HB 1181 to protect consumers.