Broward Chiropractor Dr. Troy Lomasky Notes Florida Office of Insurance Regulation 2011 Personal Injury Protection (PIP) Data Report

PIP Reference Document: 

• The Florida Office of Insurance Regulation's ("OIR") “Report on Review of the 2011 Personal Injury Protection Data Call.”  

In 2011, the Florida OIR issued a report compiling data from Florida insurers writing personal auto line of business.  The report shows that the cost of  Personal Injury Protection (PIP/No-Fault) claims in Florida rose dramatically over the period beginning in 2006 and ending in 2010, with the last two years being especially bad. Combined loss ratios have gone from the mid 90% to more than 115%.  Frequency of PIP claims have climbed dramatically even though overall crashes reported by Highway Safety are down.  The report indicates that Tampa has become the new “staged crash” capital of Florida.

To access the report on the http://www.floir.com/ Web site, go to:  http://www.floir.com/siteDocuments/PIP_04-08-2011.pdf