State leaders, such as those in Florida, are working with insurers to make a move to form legislation that will combat auto insurance fraud so that it will be ready for the January start of the next session of lawmaking. Proposed bills in 2011 to fight fraudulent claims on personal injury protection insurance did not receive their approval from the state Legislature this year due to worries over the struggles it may create for policyholders that are making legitimate claims, as well as their doctors and attorneys. That said, two…
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Auto insurance fraud on the rise – a call for serious change in Florida insurance system
Florida continues to combat auto insurance fraud despite new measures introduced to combat the problem. While the number of accidents in the state is on the decline, the occurrence of fraud continues to grow. Insurance Commissioner Kevin McCarty claims that widespread fraud has led to premiums for auto insurance to soar by $900 million since 2008. The mounting problem has lit a fire beneath Governor Rick Scott, who is now petitioning the state Legislature to make changes to both the insurance industry and its regulations to put an end to…
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