Florida automobile insurance to 1971

The history of automobile insurance in Florida provides a case study of economic adaptation to the negative consequences of rapid technological change. The emergence of the automobile in early twentieth century Florida brought with it widespread bodily injury and property damage. The insurance industry and the state government interacted for several decades in trying to fashion a way of reducing the economic cost of automobile accidents. Florida resisted a comprehensive application of insurance to the problem until 1971, when it passed the Florida Automobile Reparations Reform Act. Had Florida acted sooner, the economic impact of automobile accidents could have been greatly mitigated.