Fraud

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May 14, 2013

Public Adjustors cap on Citizens Insurance is repealed with the new Property Bill.

Posted by homeinsuranceguru under Auto Insurance, Citizens Insurance, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, Public Ajustors | Tags: , , , , , , , , , , |
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Hopefully with less Public Adjustors(17K from 30K) and the fact that they are still under the mircroscope, this is good news for them. We all hope this does not balloon into more and bigger Fraudulent claims like we had before with the Sinkhole issues among many other’s. In Fort Lauderdale this will mean more claims being submitted and resubmitted, so the strength of Citizens which is bad already will now get worse. Let’s hope the rest of this new bill works better for the consumer, but with higher prices still looming for next year, that does seem lilkely. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2013/05/14/291827.htm

 

April 11, 2013

State Farm found Guilty by a Jury for a Fraudulent Flood claim.

Posted by homeinsuranceguru under Auto Insurance, FEMA, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, State Farm updates | Tags: , , , , , , , , , , |
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Why pay a claim from your base Insurance carrier(LIke State Farm) when you can say it was flood coverage and then have FEMA pay for the claim????  This also limits the consumer payout to 250K which is the max payour for a building or home for a flood policy. State Farm will try to appeal the case, but they will have to reimburse FEMA 250K and then the claim will have to be reviewed to see if the State Farm policy would have or should have paid more. Perhaps the wright your own Flood policy that every company can do and make money of, should be reviewed and not allowed by carriers that do the Home Insurance policies as well? In any event please read or follow the story as it is appealed by State Farm and see how even this type of Fraud affects our insurance rates and here in Fort lauderdale and all of South Florida, we are paying for it way to hard these days!! Please call L & S Insurance for quotes on Home, Auto, Flood, Business & Commercial, and life Insurance as well at 1-888-244-7400.

http://www.insurancejournal.com/news/southeast/2013/04/10/287828.htm

 

 

January 12, 2013

Car Insurance and staged accidents! Welcome to Fort Lauderdale and South Florida.

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, Sun Sentinal | Tags: , , , , , , , , , , , |
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Check out Ana, just one of many who turn Florida into Fraudula.  You never know who you are dealing with and Ana has been doing this for a long time. All for money, she put her own 5 kids into harms way and asked them to even lie for her to the court so she would not go to prison. Apparantly a Judge and her children  saw differantly, thank god, and did the correct thing by locking her up and putting her kids in a safer environment. Too  bad it was only 6 1/2 years as she deserves more. This type of crime is why we pay so much for Car Insurance and why our sytem of No fault is crazy and needs to be changed. This also  shows that the bill signed into law in 2012 did nothing and it will still continue to get worse. Please enjoy the full article about Ana and her story  from the Fort Lauderdale Sun Sentinal and sent to us from our friends at First State Insurance. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance quotes as well.

http://www.sun-sentinel.com/about/tribune-search/fl-staged-accidents-with-kids-20130110,0,5425652.story

 

November 6, 2012

PIP Insurance Fraud-A Fort Lauderdale Chiropractor pleads guilty.

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, Sun Sentinal | Tags: , , , , , , , , , , , , |
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The Fort Lauderdale Sun Sentinal has the article and it was sent to us by our friends at First State Insurance. If you want to know why we pay so much in car Insurance here in South Florida, please read about Fraud and how bad it really is. Think of the millions in false claims and what Insurance had to pay.  If people stopped thinking about themselves and did business the correct way, we would not be as bad as it is currently. PIP fraud must go away for all of us to see real reductions in Car Insurance rates. Please read the full article below and please call L & S Insurance at 1-888-244-7400 for all of your quotes on Home, Auto, Flood, Busienss & Commercial and Life Insurance quotes as well.

http://www.sun-sentinel.com/news/palm-beach/fl-chiropractor-plea-20121105,0,6968750.story

 

August 15, 2012

PIP Insurance Fraud arrests still in Fort Laud. and all of Florida

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, Legislators, Sun Sentinal, Tallahassee | Tags: , , , , , , , , , , , , |
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2 more arrests and more to come as PIP Fraud is anything but gone in Fort Lauderdale and Florida.The problem was never fixed properly in the last congressional session as usual and what we have is another Bandaid. New loopholes are always found and until the Legislators in Tall. decide to redo the program, we will not have a real solution. They did little this last time, but they are the ones on power so we must deal with it. Expect more Fraud and more arrests we hope!! Till then rates will not go down and should still continue to rise. At some point our Florida Politicians will actually decide to help the people, put the time into it that it needs and completely revise Florida and remove PIP all together. Please read the full article on Pip Fraud from the Sun Sentinal and was sent to us by our friends at First State Insurance.Please call L & S Insurance at 1-888-244-7400 and ask us for quotes on Home, Auto, Flood, Business & Commercial, and even Life Insurance quotes.

http://www.sun-sentinel.com/business/fl-pip-fraud-arrests-20120813,0,5378655.story

 

 

June 14, 2012

Home Insurance needs political Stability in Fort lauderdale and all of Florida

Posted by homeinsuranceguru under Auto Insurance, Citizens Insurance, FEMA, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance | Tags: , , , , , , , , , , , , |
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Bottom line is that Florida is not a political haven for Insurance companies as the regulation which Includes all that Citizens Insurance  is and does is a nightmare to deal with. Mike Stone President of RLI spoke at the recent FAIA convention in Orlando to thousands and this was and is the bottom line. To much control and not enough ability to charge what they want. Good pricing will get the business and competition will keep things in check. Now  for a reality Check, With all of the Fraud in Florida and the high risk of Hurricane catastrohies, that will not always work either. This is why Florida is a nightmare for Insurance companies and pricing of Home Insurance which affects the Real estate markets in Fort laderdale and all of Florida is never going to be easy for decades to come. Please read the fullarticle below and remember to call L & S  at 1-888-244-7400 for all of your quotes on Home, Auto, Flood, Business & Commercial and Life Insurance quotes as well.

http://www.insurancejournal.com/news/southeast/2012/06/14/251564.htm

 

April 21, 2012

Insurance PIP sting in Miami and Fort Lauderdale

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Fraud, Governor, Governor Rick Scott, Home Owners Insurance, Rick Scott GOP, Sun Sentinal | Tags: , , , , , , , , , , , , , |
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16 people, 250 million dollars, and a massage parlor all involved in Insurance Fraud. Now do you think the Legislators in Tall. did nothing this past session. The new bill signed by Governor Scott will do little about Fraud, it may cut down on Massages for Car Injuries, but not much else. The Governor should have forced a special session for real reform instaead of the bill that will  do little to really help.This bust is just showing us that so much Fraud is out there and they have no knowledge on  how to control it so it will continue w/ differant methods until the Lawmakers decide the time is really here. Please enjoy the full article below from our Friends at First State Insurance and the Fort Lauderdale Sun Sentinal. Please call L & S at 1-888-244-7400 and ask us for quotes on Home, Auto, Flood, Business & Commercial and even Life Insurance quotes.

http://www.sun-sentinel.com/business/fl-insurance-fraud-arrest-20120420,0,5011884.story

 

April 17, 2012

PIP Car Insurance, will it really go down in Fort Lauderdale and other parts of Florida?

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Fort Lauderdale, Fraud, Home Owners Insurance, Legislators | Tags: , , , , , , , , , , , , |
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Not likely think most people. The Ink is not even dry on the bill which starts in July, but scammers are already looking at ways around the bill which was rushed by Legislators in Tall. to avoid a special session  and a long battle. Obviously, the people in Tallahassee did not really think this would work, but they needed to pass some kind of bill so massage therapy and other items will have limits, but no reduction in rates are likely for quite some time and they could still rise since the solution is still not there. If they will not  try to prevent Fraud then Fraud will still occur. This info all comes from the Consumer Advocates and is also not firm, but expectations are not good. This article was sent to us by our friends at First State Insurance and the Sun Sentinal  and please call L & S Insurance(1-888-244-7400) for all of your Insurance needs like, Home, Auto, Business & Commercial, Flood and even Life Insurance. PLease enjoy the full article below.

http://www.sun-sentinel.com/business/fl-pip-fraudsters-already-searching-ways-around-ch-20120416,0,5326514.story

 

 

March 21, 2012

PIP Rate Rollbacks due,but will it happen in Fort Lauderdale.

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, Legislators, Tallahassee | Tags: , , , , , , , , , , |
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10/1 /2012  is when rates are to be lowered by 10% and next year by an additional 24%. If the carrier will not lower PIP rates then they must show actuarily why to the State OIR. Most Insurer’s do not feel that the new Bill did enough to justify rate decreases yet, so time will tell, but before years end, we may see some rate reductions and hope for the best. The real problem is still Fraud which was not really dealt with  in Tallahassee this session and we can only wait and see what happens. The bills in the Florida  House and Senate were so far apart, they found a way to agree by the deadline to avoid a special session, but a lot was not included that was really needed from the House version to make real controls to be in place to prevent Fraud and that would lower rates. We will see, but please call L & S Insurance for all of your Home, Auto, Flood, Business & Commercial and even Life Insurance quotes. Please read the full article below;

http://www.insurancejournal.com/news/southeast/2012/03/21/240216.htm

 

February 21, 2012

PIP Fraud arrests in Fort Lauderdale and Palm Beach

Posted by homeinsuranceguru under Auto Insurance, CFO, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, Tallahassee | Tags: , , , , , , , , , , , , |
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Great reading and all of the people involved who have been Fraudulent. If you know anything about this, please contact the authorities and CFO Jeff Atwater’s office in Tallahassee. Please call   L & S Insurance(888-244-7400) for all of your Auto, Home, Flood, Business & COmmercial, and Life Insurance as well. monthly PIP fraud news letter from your partners at www.1ststate.net

http://www.myfloridacfo.com/fraud/Newsletters/PIPSource/PIPSource_Feb2012.pdf

 

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