PCI: “SB 150 Wipes Away Years of Reforms Helping Reduce Costs for Florida Drivers”
TALLAHASSEE, Fla. – The Property Casualty Insurers Association of America (PCI) today released the following statement attributed to Logan McFaddin, its regional manager, regarding the Senate Banking & Insurance Committee advancing Senate Bill 150, by Senator Tom Lee (R-Brandon), relating to motor vehicle insurance. “PCI is disappointed by the advancement of SB 150 today. This legislation would eliminate cost containment measures and result in consumers either paying more for the same coverage, or paying the same for less coverage. “SB 150 does nothing to address the bad faith abuse,