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HomeMy WebLinkAbout2794i been determined by the Supreme Court of this State to be a ~ "reasonable alternative" to the com~aon law right to seek i ~ E redress for injury, In order to fully understand the total ! i ; effect of this "erosion", it is necessary to review the ~ ; ~ common law as it existed before the enactment of the first ~ i No-Fault Statute and subsequent amendments thereto. ~ ;, ~ ~i At common law, the innocent victim of a tort could ~ , '; recover his economic losses (medical bills and lost wages) ~ "' i ;; as well as damages for pain and suffering, mental anguish and ' ~; inconvenience, from the party who negligently caused the i ~ ~. injury. The Courts, in discussing a victim's right to ~ i recover damages for pain and suffering, oftentimes referred ~ 4 , to this element of damages as speculative or intangible ` ~ ~ damages. The negligent party, or his liability insurance ! f , ! carrier, would pay the blameless victim for all of his ~ ; ; damages, whether they were economic losses or speculative ~ damages. The concept of no-fault insurance requires that ~ ; all persons injured in motor vehicle accidents recover their economic losses (i.e. medical bills and lost wages) from ~ that person's own first party insurance coverage. The first party benefits of economic Iosses are called "personal injury protection" (PIP) benefits. In return for being paid ~ economic losses through f.irst party insurance, the innocent : victim gives up his right (in varying degrees), according to the particular No-Fault Statute in effect at the time, to j recover damages against the tortfeasor for pain and suffering, ! mental anguish and inconvenience. An analysis of the legislative; history and development of the No-Fault law is necessary. ~ ~ Florida's original No-Fault Law, Section 627.733-,741 . (1971), effective January 1, 1972, contained the following provisions: First, the Statutes provided for mandatory first a~ 8RU''1Lti , , c• .,. . < . a ~ . < < ...~, Page Z`wo a~-~ 34~ ~a~t 2793 ~ ~ e .~ ~ . - -~~~~.£.~~-~ V _ a~ - _ _.~~ ~N _~ ~:~ --