University of Miami summit highlights the increasing cost of auto insurance

A summit held at the University of Miami on the topic of insurance fraud provided those in attendance with the opportunity to exchange stories, request assistance, and talk about litigation that is directed at this rising issue. One of the favorite examples, which was shared by Mary Lathrop, a Florida Highway Patrol Captain, involved a fender bender in the south end of the state. One of the drivers noticed that there was one fewer people in the car when the accident occurred than there were when the police arrived on…

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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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