The issue of insurance fraud in Florida is one that has been catching press releases quite regularly lately. While it could be tantalizing to cheat the system to perhaps get the funding you need, there are a selection of reasons why this is not just an illegal activity, but one that could be causing business distress for others in numerous communities also. Originally passed following a state wide grand jury report identifying lots of hospitals that were acting without a license as the culprits in wide spread insurance crime schemes, the new action doesn’t appear to be making much of a dent in the rate that such crimes occur.

In 2001, there was a law passed which made tougher penalties for cases of insurance fraud , however , this measure doesn’t seem to have slowed down the examples in which it occurs- and it has ultimately cost Florida motorists roughly 1 bln a year since.
while it did lead to a rise in inquiries and arrest, premiums have not gone down by much and the incidence of auto desertion and arson has basically risen by quite a great amount more annually. Firmer laws should have lead to a decrease in staged accidents and the solicitation of accident victims, but this is showing to be the complete opposite of what is basically occurring in an alarmingly increased rate.

2005 saw one more attempt at cracking down that appears to have failed the general public and the debatable no fault system paying out up to ten thousand dollars to cover private injuries regardless of who is to blame appears easily exploitable. For those that don’t go along with the ruling, personal injury lawsuits are still often courted by deceitful attorneys looking to win a quick case. On both sides, be it fraudulent agencies offering the guarantee of debt relief or quick funds when there might not appear to be other options, or possibly individuals who are desperate for money- these things are leading to even deeper business issues in a kind of cycle which will not stop until something more is done.

The system seems to need further scrutiny, as thus far, none of the measures implemented to defend the public from fraudulent agencies wishing to enable some to unload gas guzzling cars, or simply cars they cannot afford for a fast and easy insurance write off, as well as the higher insurance fees this causes to the remainder of a honest public just searching for protection in the event of an accident.
Many are asking when this is going to get dealt with in a more heavy handed way, when more preventive measures will be brought to not only reduce the rates of fraud, but stop more recent, more intelligent schemes from coming up. Those who have been cheated by such schemes or maybe convinced that it was a doable solution to cash woes find themselves also on the wrong end of the law, when in fact, more often than not they are victims of a fast talking confidence artist just out to take their money, also.

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