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 the organized systems that are encouraging these criminal behaviors. She explained that it will be critical for legislative action to…
Read MoreTag: Governor Rick Scott
Florida’s Governor Scott announces effort to beat auto insurance fraud
Governor Rick Scott from Florida spoke to citizens and other politicians about the problem of auto insurance fraud within the state, and announced that he would be looking to Hillsborough County in order to come up with ideas for overcoming it. Scott stated that they “have to get rid of fraud”. Many law enforcement officers and county officials sat with Scott as they discussed this goal. Jeff Atwater, the Chief Financial Officer in Florida, declared with Scott that they will be using Hillsborough as inspiration for their efforts to completely…
Read MoreChief of the Florida hurricane fund voices concerns regarding cash shortage
The chief operating officer of the hurricane fund in Florida, Jack Nicholson, has expressed serious concerns about the fund’s ability to assist insurance companies in paying for claims that have been made following major storms. Florida has been using the hurricane fund for almost two decades, since the time when the southern part of the state was devastated by Hurricane Andrew. Money from the fund is provided to insurance companies in order to assist them in paying off claims made by homeowners in the event of a hurricane – or…
Read MoreTwo former insurance executives appointed to Florida’s Citizens Property Insurance to help solve some of the company’s problems
As Florida continues to struggle with controversial rate increases from the state-backed Citizens Property Insurance, Governor Rick Scott has appointed two insurance professionals to serve as board members for the company. These two former insurance industry executives will serve as a catalyst for change in the company. Governor Scott has said that he wants to reduce the coverage of Citizens, enabling competition with private insurance companies. Now that Citizens board of directors is populated with members with extensive histories in the industry, Scott’s goal may now be attainable. Citizens new…
Read MoreFlorida to host a series of meetings of insurance and consumer representatives to solve problems with PIP system
The Florida state government will be facilitating a series of meetings to resolve an issue with the state’s personal injury protection (PIP) insurance law. Insurers, medical professionals, state officials and representatives from a number of consumer advocacy groups will be attending the meetings and working together to find some resolution to the issue. Currently, PIP insurance is required throughout Florida, which has spurred rampant fraud in the state. Through the meetings, the groups will conclude whether the PIP system should be reformed or abolished altogether. Fraud has plagues Florida’s PIP…
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