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Press Release

Office Releases Final Actuarial Study on PIP Insurance
Wednesday, September 14, 2016
Contact Info:

Amy Bogner/Karen Kees
(850) 413-2515
Press@floir.com           

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look at various scenarios involving premium impacts to Floridians if certain insurance requirements related to PIP were repealed.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.

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Contact Info:

Amy Bogner/Karen Kees
(850) 413-2515
Press@floir.com           

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm and Facebook

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