The Florida Division of Insurance Fraud has released a list of arrests, convictions and ongoing investigations showing that 32 people have been arrested, eight convicted and 84 are being actively investigated. According to Nina Bannister, DOI spokeswoman, the department received 632 tips reporting alleged fraud occurring during the 2004 hurricane season.
Bannister said she expects to receive more tips to investigate as insurance companies review last year’s hurricane claims.
Most of the investigations to date, 71 percent, resulted from tips from private citizens. The other 29 percent were reported by insurance companies, which have five years to report suspected fraud to the state.
In December, Tom Gallagher, Florida’s CFO, announced new rules with stricter requirements for insurance companies to report fraud. He’s pushing for legislation to fine insurers up to $50,000 for failing to report fraud in a timely manner.
Topics Fraud
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