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.
Juana Ledezma and Luis Ledezma, who operate Superior Group Management Inc., applied for workers' compensation coverage from Clear Spring Insurance Co. in 2020. At the time, the company estimated its annual payroll for the policy year would be $500,000 and was issued a policy with a premium of $31,294.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
