Insurance News Daily

The Florida Insurance Group, an auto coverage provider, has applauded the efforts being made by the Legislature in that state to help to reduce the rampant frequency of insurance fraud. According to Lee Rogers from the Florida Insurance Group, the personal injury protection (PIP) fraud that is occurring within the state has grown from the level of being a problem to the degree that it has become an “outright disaster.”…

Governor Rick Scott spoke in his state of the state address about the importance of reforms to Florida’s no fault auto insurance system, aimed to significantly reduce the fraud abuse which is currently rampant within it. According to Scott, the cost of fraud to the people in the state is an estimated $900 million. In his address, he said that “If we do not act, the Office of Insurance Regulation…

Florida’s battle against fraud in the no fault auto insurance sector has felt like a losing battle over the last while, as one change to the regulations simply leads to a new form of fraud. There have been anti-fraud provisions made by the legislature in 2002, 2003, and 2007 following a grand jury fraud and abuse report in 2000. Unfortunately, none of these attempts to stop the fraud have made…

Residents in Florida have joined with business associations and law enforcement agencies to create the Gear Up Florida Coalition, with the goal of protecting insurance consumers in the state from the skyrocketing costs that are resulting from the increasing instance of fraud to its no-fault law. According to Tammy Perdue, the Florida General Counsel for Associated Industries, they want to bring fraud from car accidents to an end and change…