Fraud Will be Punished

In Insurance Fraud, Insurance Industry, Insurance law on January 16, 2014 at 1:32

The healthcare industry is cracking down on Medicare Fraud.  The auto industry has long been battling fraud.   Now homeowners’ insurance industry is making fraud detection a major effort. It’s been a serious issue for a while, and unscrupulous public adjusters add to the criminality.

Recently, Jorge Fausto Espinosa, a Florida public adjuster, was charged with conspiring to commit wire fraud and using fire to commit a felony.  In short, he was an arsonist looking to generate $2.3 million from insurance companies.  He was abetted by a convicted Medicare fraud offender.

Fraud is fraud, and the authorities will catch up to criminals.  Insurance fraud costs billions.   It is one of the leading causes of premium hikes.  It’s worth it to everyone to crack down – today.


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