Bush vetoes auto insurance bill
Governor Jeb Bush has vetoed a bill extending the life of the state’s no-fault auto insurance beyond a 2007 deadline because it lacks sufficient protections against fraud.
Under the bill passed by lawmakers earlier this year, Florida’s no-fault system would have continued at least until the first of 2009.
With the veto of the bill, the non-fault system will automatically be repealed in October of next year under existing statutes.
That’s exactly what insurance companies had been pushing for.They argued that the system is so rife with fraud it should be abolished.
The bill included some anti-fraud provisions but doesn’t go far enough for insurance companies such as limits on legal and medical fees.
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