senate banking and insurance committee Archives

Florida’s Push to Reform the No-Fault Auto Insurance System

March 10, 2025March 10, 2025 John Bowers

Efforts to reshape Florida’s auto insurance laws are in full swing, with the Senate Banking and Insurance Committee preparing to review the latest proposal, SB 54. This ongoing debate could significantly impact drivers across the Sunshine State. Here’s what you need to know about Florida’s no-fault system, the proposed changes, and what they mean for you. Understanding Florida’s No-Fault Auto System Florida is one of only two states that mandates a no-fault auto insurance framework. Under this system, drivers are required to carry personal injury protection (PIP) coverage, a policy…

New auto insurance requirements could be imposed on ride-share services

March 26, 2015March 24, 2015 Marc

Uber and Lyft could have to comply with new auto insurance requirements, pending legislation New auto insurance requirements may put some pressure on ride-share service, such as Uber and Lyft. The Senate Banking and Insurance Committee has supported new legislation that would introduce new requirements on companies that use mobile applications to connect drivers with passengers. These services have become quite popular in large cities and serve as an alternative to taxis. Over the past year, these services have been the subject of concern because of the auto insurance coverage…

Health insurance rate review in Florida may soon be suspended

March 25, 2013March 24, 2013 Logan B.

Proposal aims to address concerns regarding health insurance rate review Worries are high throughout the U.S. concerning the possibility of rising health insurance rates due to the Affordable Care Act. Throughout the country, several large insurance companies have warned that rates will grow exponentially next year, as the federal health care law becomes fully implemented. In Florida, these ominous warnings are being taken to heart, and lawmakers are now looking to the federal government for more direction concerning how to mitigate the potential rise in health insurance rates. Lawmakers back…