ASSURANCEAMERICA CORPORATION (OTCBB: ASAM), is monitoring closely potential changes in Florida law that may eliminate the requirement for motorists to carry personal injury protection insurance (PIP) and make enforcement of any surviving requirements more difficult. The existing law will automatically expire on October 1, 2007, and while most had expected that the Florida legislature would act to extend these requirements, it appears that they may not pass the legislation necessary to extend those requirements before their scheduled expiration, if they act at all.Because many of the Company's customers purchase only insurance that is required by law, these developments could adversely impact the Company's financial performance, in our 40 retail locations in Florida and to a lesser extent our insurer which has approximately 42% of its business in Florida.....
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Car Insurance News: AssuranceAmerica Corporation Discusses Changes in Florida Law...Get an auto insurance quote!