Office Releases Final Actuarial Study on PIP Insurance
Wednesday, September 14, 2016
TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) today released an actuarial study written by Pinnacle Actuarial Resources, Inc. (Pinnacle) that estimates the effect of cost savings realized by insurance companies writing Personal Injury Protection (PIP) auto insurance as a result of reforms from House Bill 119 (HB 119), which passed during the 2012 legislative session. Pinnacle was also asked to look at various scenarios involving premium impacts to Floridians if certain insurance requirements related to PIP were repealed. A copy of the study can be found here.