Florida CFO Jimmy Patronis said: "At my direction, these new fraud fighting squads have also focused on major cases involving organized schemes to defraud that have resulted in four RICO prosecutions statewide. This is a major win in the battle against bad actors working together to deliberately game the system to line their own pockets." (Credit: Michael O'Keene/Adobe Stock)
The two property insurance fraud investigation squads established by the Florida legislature in 2021 have led to a 148% increase in uncovered instances of fraud, a 55% increase in arrests and a 129% increase in successful property fraud prosecutions across the state during the first 12 months of operation, according to Florida's CFO Jimmy Patronis.
"That's tremendous progress in just one year to protect insurance consumers from fraud and help combat rate increases statewide," Patronis said in a release. "At my direction, these new fraud fighting squads have also focused on major cases involving organized schemes to defraud that have resulted in four RICO prosecutions statewide. This is a major win in the battle against bad actors working together to deliberately game the system to line their own pockets."
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
