Car Insurance Fraud. Our advice, DO NOT DO IT!

Car Insurance Fraud. Our advice, DO NOT DO IT!

Personal Injury Accident Attorney Miami, Hialeah, Coral Gables, Kendall, Aventura, Ft. Lauderdale, Palm Beach, Naples, Marco Island, Tampa, Orlando, Jacksonville, Tallahassee – 800-247-2727 – Pacin Levine, P.A.

Personal Injury Attorney Florida – www.pl-law.com – (800) 24-7-CRASH

Insurance Fraud is not a victimless crime. It is estimated that insurance fraud costs the United States $80 billion dollars or more a year, which are ultimately passed down to consumers, thus being one of the biggest costs to drivers for escalating auto insurance rates that are increasingly burdening Florida’s consumers and families. The Coalition Against Insurance Fraud (CAIF) estimates this fraud to cost approximately $950 per family. In 2012, the State of Florida passed HB 119 – Personal Injury Protection (PIP) for Auto Insurance Fraud to address this issue by reducing PIP fraud, and passing these savings to consumers.

In recent years, the number of drivers and auto accidents has remained relatively constant, but the amount of PIP claims, and PIP payments has skyrocketed. The National Insurance Crime Bureau lists Florida as having several cities reporting the highest amount of “questionable claims” nationally. While PIP premium represents roughly two percent of Florida’s collected insurance premium, this issue accounts for nearly 50 percent of fraud referrals.

Last year, DIF responded to many thousands of suspected fraud referrals, over half of which were Personal Injury Protection (PIP) Fraud. In Fiscal Year (FY) 2012/2013, DIF received over 15,440 referrals. The various types of insurance fraud the Division investigates include:

• PIP Fraud
• Workers’ Compensation Fraud (includes claimant and premium avoidance)
• Vehicle Fraud
• Application Fraud
• Licensee Fraud (includes insurance agents and public adjusters)
• Homeowner’s Fraud
• Healthcare Fraud
• Unauthorized Entity Fraud

Related:  How to negotiate a better car accident insurance claim check; without a personal injury attorney.

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