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From category archives: Florida Peninsula

Study Finds Insureds Believe it is Acceptable to Be Dishonest on Insurance Claims

According to new findings in a public opinion study conducted by the Insurance Research Council (IRC), 24 percent of respondents believe it is reasonable to increase an insurance claim by a small amount in order to cover a deductible. This is also known as "soft" or "opportunistic" fraud, referring to the claim embellishment. Soft fraud is incredibly difficult to detect and investigate. Perpetrators are often hard to distinguish from honest policyholders, and as the study shows, many consider their exaggerations to be morally acceptable. Insurance fraud is not a victimless crime. It affects innocent and honest policyholders who are left with higher premiums. Florida Peninsula takes insurance fraud extremely serious, and we encourage anyone with information on those committing insurance fraud to report it to us immediately by calling 866-923-2920, or by email at reportfraud@floridapeninsula.com.  To learn more about the study, click here.   Florida Peninsula is one of Florida's top homeowners insurance com ...

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AOB News Isn't All Bad; Suit Against Insurer Thrown Out for Fraud

In an amazing turn of events, a Broward County Judge recently dismissed with prejudice a lawsuit filed by a water restoration firm against Florida Peninsula Insurance Company after the company convinced the Court it had been a victim of fraud at the hands of the water remediation firm. Yes, you heard right. The matter all started when on 9/10/2014, Florida Peninsula policyholder Curline Dixon supposedly suffered a roof and water loss at her home. According to the suit, Dixon thereafter hired a public adjuster who recommended to her that she hire State 2 State Restoration, Inc. to perform water extraction/remediation services. Dixon followed the advice and also executed an Assignment of Benefits (AOB) making State 2 State Restoration Assignee on the insurance claim. State 2 State later brought suit against Florida Peninsula for Breach of Contract over payments of amounts allegedly owned on the claim. As part of the process of preparing the case the insurer discovered information indicating that State 2 State m ...

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Insurance Fraud Arrest by Florida Peninsula's Special Investigation Unit

Florida Peninsula takes insurance fraud extremely seriously, and with the help of our Special Investigation Unit (SIU), another insurance fraud arrest has been made.

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"Operation Flames and Floods" Leads to the Arrests of 30 for Insurance Fraud

A collaborative state and local operation known as "Operation Flames and Floods" made 30 arrests in their efforts to crack down on insurance fraud.

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PIP Fraud Arrests

Personal Injury Protection (PIP) fraud is one of the most prevalent in the insurance industry. When insurance carriers, regardless of the type of insurance, take in large financial losses because of fraud, all their policyholders pay in the form of higher premiums. Florida's Chief Financial Officer, Jeff Atwater, announced nine arrests were made for PIP fraud in Miami. After seven staged accidents, these individuals filed more than $242,000 in fraudulent billings to eleven different insurance carriers. This case is still ongoing, and more arrests are expected to be made. Insurance fraud, regardless of the type, is inexcusable. If you suspect someone of committing insurance fraud, report it at the "REPORT FRAUD" page, under our "CONTACT US" tab on our website.    Florida Peninsula Insurance Company's top priority is the safety of our customers, policyholders, and the citizens we service. Visit our website at www.floridapeninsula.com to find out more information on how we can provide you with peace of mind ...

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Insurance Fraud Arrests in Miami

Two bad apples in the insurance industry are arrested for insurance fraud.

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Florida Peninsula Investigators Achieve Another Fraud Arrest

Insurance fraud hurts everyone. See the details of our latest customer fraud arrest.

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Another fraud arrest by the Florida Peninsula SIU team

Florida Peninsula works with authorities to complete another successful fraud arrest

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Special Investigation Unit Aids in Another Fraud Arrest

Florida Peninsula has made another arrest with the help of its Special Investigation Unit!

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May 4 - 10 is Arson Awareness Week

Insurance Fraud caused by Arson is costly to all Floridians

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