Greed and More Greed
June 5, 2007
Dr. Steven Greenberg
Florida’s roadways are about to become more dangerous, its courtrooms more crowded and its residents left less protected — because Big Insurance wants to drop a less-profitable coverage option for the promise of higher rates down the road.
Since the 1970s, Florida drivers have been required to purchase Personal Injury Protection — PIP– also known as no-fault insurance. The inexpensive policy protects drivers and family members injured in car accidents, regardless of fault, with up to $10,000 in medical, loss-of-pay and even funeral benefits.
For the 40 percent of Floridians without health insurance, it is the only means of paying for medical costs related to a car accident.