The new Florida personal injury protection law, also known as HB 119, will not actually save Floridians any insurance premium money.
The new law was supposed to mandate a 10 percent decrease in premiums. But the early rate filings of PIP insurers do not actually reflect any savings in premium dollars for Florida insureds. Instead, we see that the state is approving 8 percent rate hikes, at least to Florida Farm Bureau.
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