Tag: florida insurance fraud

Florida DFS hires 10 new property insurance fraud investigators

G. Turner
Insurance fraud

The Department of Financial Services has hired sworn law enforcement officers for the investigations. The Florida Department of Financial Services (DFS) has hired 13 new employees, 10 of whom are law enforcement officers who will be investigating property insurance fraud, said Chief Financial Officer Jimmy Patronis. The state Legislature approved the investigation squads in 2020, and the hiring is now complete. The insurance fraud investigators are based in Orlando and Tampa. They will be granted the authority to work with other law enforcement units as well as with the insurance…

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Insurance fraud is on the rise in Florida

Logan B.
California Insurance company Fraud scam

Florida grapples with growing insurance fraud problem Insurance fraud is growing in Florida, according to the National Insurance Crime Bureau, a non-profit organization that works to address insurance-related crimes. The organization has released a new study highlighting insurance fraud throughout the U.S. The study shows that Florida is experiencing a growing number of questionable insurance claims, many of which are within the realms of auto and homeowners insurance coverage. The growing prevalence of insurance fraud may be due to ineffective regulations in the state. Study shows questionable claims are becoming…

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National Insurance Crime Bureau finds high level of insurance fraud in Florida

Marc
California Insurance company Fraud scam

Florida leads the country in insurance fraud, according to National Insurance Crime Bureau Florida has attracted a significant amount of focus when it comes to fraud in its insurance sector over the past few years. The state’s no-fault auto insurance laws, and some regulations concerning homeowners insurance, have allowed the sector to be easily manipulated and exploited in the past. State legislators recently began overhauling Florida laws to cut down on fraudulent activities, but have found only modest success. The National Insurance Crime Bureau has released new information showing that…

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Florida legislators feeling pressure to solve the fraud plaguing the state’s insurance industry

Florida Governor Rick Scott is pressuring lawmakers to make changes to some of the state’s auto and property insurance laws. The Governor claims that these laws are each costing consumers millions of dollars. Legislators have been trying to find a resolution for the issue for over a decade but have so far been unable to make any headway. Governor Scott is now pushing for a solution to be found quickly to prevent further financial stresses falling upon consumers. State law requires Floridian drivers to purchase personal injury protection. The issue…

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Auto insurance fraud on the rise – a call for serious change in Florida insurance system

Nordstrom

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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