Tag: consumer protection week
Insurance fraud costs more than $40 billion annually, which increases the average family’s insurance premiums between $400 and $700 a year. Fraudulent tactics and schemes perpetrated by professionals who are utilizing harmful contracting and unlicensed adjusting practices are resulting in higher insurance premiums for all Floridians.
With this week seeing the start of the regular session of the Florida Legislature and being Consumer Protection Week, state Chief Financial Officer (CFO) Jimmy Patronis showcased his consumer protection agenda, which includes protecting Floridians from unnecessary fees, working to eliminate fraud and scams, and ensuring Florida’s insurance markets aren’t flooded with unnecessary litigation.
Moody’s office also highlighted “several major initiatives to increase fraud reporting, enhance enforcement actions and prevent scams" under her watch.