Florida

because the PIP coverage didn't have any limits. The insurance company that I worked for had four PIP claims that were reserved at $9,999,999 (the maximum that could be set in the computer system). The first time I saw those reserves it raised my eyebrows.

Among the disadvantages of a no-fault system is that it can place the policyholder in an adversarial role with their insurer for negotiating in bad faith. There are no repercussions for egregious actions as found in an at-fault system where the injured parties can sue for exemplary damages. There is also no telling how many policyholders were offered lowball settlement. While I'm not certain, I believe that noneconomic damages (pain and suffering) are also severely limited.

I'm not too concerned about the lawyers. Each system has its own opportunities for lawyers to pursue to generate income.