Put the Brakes on Higher Auto Insurance Rates
The Florida Chamber of Commerce today launched new multi-media ads urging senators to put the brakes on higher auto insurance rates. Caution Alert! highlights an effort to pass a new law that would require Florida drivers to pay more for auto insurance.
“If you think this legislation is good for you as a consumer, ask yourself one question: ‘Why is it billboard trial lawyers’ number one must-pass bill?’” said David Hart, Executive Vice President of the Florida Chamber of Commerce.
Florida has been named the worst “Judicial Hellhole” in the country by the American Tort Reform Association, and Florida’s legal climate is in the bottom five worst nationwide by the Institute for Legal Reform. Moreover, 70 percent of Florida voters believe trial lawyers are more interested in lining their own pockets instead of their clients’ best interest, according to the Florida Chamber’s latest statewide political poll.
Instead of raising rates, the ad encourages Florida drivers to contact their Senators and encourage them to keep coverage affordable.
Caution Alert! targets a legislative move to end the requirement that Florida drivers obtain no-fault personal injury protection (PIP) coverage. SB 150 would eliminate cost containment measures and result in consumers paying more for a new, mandatory set of coverages that escalate over time. Further, it doesn’t address lawsuit abuses that are infusing added costs into the system – at motorists’ expense.
“The Florida Chamber supports reforms that reduce fraud while also protecting drivers from higher auto coverage rates. SB 150 does neither,” Hart added.