Saturday, June 30, 2007

It's PIP-tastic!

The Buzz has an interesting entry about a little detail of the PIP sunset that people had largely overlooked. PIP itself is due to sunset on October 1st, but the real deadline is 45 days earlier, when insurance companies start sending out their insurance renewal premiums, which may be cheaper due to the lack of PIP coverage. The carriers can blow the horn about cheaper insurance rates at that time, making it more difficult, politically, for state legislators to go back and reinstate PIP in a special session some time in September. The insurance lobby has definitely got the legislature over a barrel on this one...

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