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Florida's Division of Insurance Fraud continues to lead the fight against insurance fraud under the leadership of Colonel John Askins. During Fiscal year 2008/2009, investigative efforts by The Division of Insurance Fraud resulted in 982 cases presented for prosecution, 834 arrests, and 532 convictions. Also during Fiscal Year 2008/2009, The ...
In addition to his investments, Miscovich ran a successful real estate business in his hometown of Latrobe, Pennsylvania. However, the Great Recession of 2008 ruined him financially and left him in debt. Looking for a new career, Miscovich left Pennsylvania for Key West, Florida, where he ingratiated himself with the local diving community. He ...
The Fraud Enforcement and Recovery Act of 2009, or FERA, Pub. L. 111–21 (text), S. 386, 123 Stat. 1617, enacted May 20, 2009, is a public law in the United States enacted in 2009. The law enhanced criminal enforcement of federal fraud laws, especially regarding financial institutions, mortgage fraud, and securities fraud or commodities fraud.
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits.
In December 2022 and March 2023, Florida passed a total of 10 laws focused on property insurance reform. These laws aim to limit the opportunity for fraud and frivolous lawsuits.
The crisis in the Florida insurance market. Florida has always been a complex home insurance market. Since 2017, eleven property and casualty companies that offered homeowners insurance in Florida ...
Insurance fraud may be proseucuted as a crime in all states, whether under general fraud statutes or those that specifically pertain to insurance claims and coverage. The federal government has passed a statute that criminalizes the act of defrauding a health care benefit plan, Section 1347 of Title 18 of the United States Code .
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