Florida Arrests 10 in Undercover Workers’ Comp Sting

Florida Arrests 10 in Undercover Workers’ Comp Sting

The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced 10 arrests following a multi-agency undercover workers’ compensation sting in Manatee County.

According to a statement from DIF, the 10 individuals allegedly advertised their ability to perform wide-ranging plumbing and electrical work without proper licenses or training, and without having workers’ compensation coverage to protect their employees in the event of an accident or injury.

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Report: Florida Boating Accidents Increase, Fatalities Decline

A report shows the number of boating accidents in Florida sharply increased in 2015 over 2014, despite there being a 25 percent decrease in fatalities.

The Florida Fish and Wildlife Conservation Commission says in a statement Wednesday that the 2015 Boating Accident Statistical Report reveals the state had 737 boating accidents last year. That’s 103 more accidents as compared to 2014.

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Florida’s Failure to Pass AOB Reforms Will Impact State Insurance Market

Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida Office of Insurance Regulation (OIR) to find workable administrative measures to help combat this kickback-driven lawsuit-for-profit scheme.

The sad truth is AOB abuse is organized and carried out by only a handful of vendors and lawyers and will ultimately result in much higher rates for South Florida customers.

 

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Citizens Implements Contract Changes to Address Florida Water Losses

Citizens Property Insurance Corp. is alerting policyholders to important policy changes beginning July 1 as part of the state-backed insurer’s efforts to improve communication and protect customers early in the claims process while controlling costs that it has said threaten to raise rates.

The Florida Office of Insurance Regulation recently approved a set of focused policy contract changes for Citizens regarding loss reporting, use of emergency services, and the nature of permanent repairs. According to a statement from Citizens, regulators approved the contract changes to address abuses of the insurance contract that are reducing consumer control, complicating claims, and increasing rates, particularly in South Florida. Citizens also says the disturbing trend is now spreading to the entire state.

 

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Florida Hurricane Fund Financially Sound, Ready for Storm Season

Florida’s continued lucky streak when it comes to dodging hurricanes is helping a key state fund reach its best financial shape ever in the two decades it has been in place.

The state-created fund known as the Florida Hurricane Catastrophe Fund should have $17.4 billion available for the Atlantic hurricane season that starts June 1. This marks the first time ever that the fund has more money than it would need to pay out if storms racked the state.

 

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