According to the Coalition Against Insurance Fraud, the workers' comp system sees around $34 billion in fraud each year. Credit: New Africa/Adobe Stock According to the Coalition Against Insurance Fraud, the workers' comp system sees around $34 billion in fraud each year. Credit: New Africa/Adobe Stock

A pair of Miami-area business owners were arrested for workers' comp premium fraud and grand theft for underreporting payroll in an effort to secure lower premiums, according to the Florida Department of Financial Services.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Investigative & Forensics
Workers' Comp