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Insurance Reform Bill

In Florida, Florida Legislation, Insurance, Insurance Fraud, Insurance Industry, Insurance law on August 16, 2013 at 1:32

TV stations across the state report on the insurance reform bill – which rejected most changes to current law.

As always, this is an issue in the legislature, and consumers and insurance company’s voices are heard.

The concern for so many insurance companies is the fraud that comes so frequently.  Sam Miller of the Florida Insurance Council notes that companies are in the business of helping those who suffer damage and have all the right policies.  “We want to make sure we pay the legitimate claims but we don’t pay for fraudulent claims.”

As this blog has noted a number of times, fraud is a real concern in the industry and unless it is combatting vigorously, even legitimate cases will be more scrutinized.

Read more here.

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