Alex Sink, Florida's chief financial officer, recently announced that 10 individuals who submitted nearly $300,000 in suspected fraudulent hurricane claims to their homeowners' insurance companies are facing felony charges. Eight have been arrested so far.
The arrests stemmed from investigations by the Department of Financial Services' Division of Insurance Fraud, and come the week before a special legislative session to address spiraling property insurance rates.
The fraud division has charged 57 individuals with insurance fraud and related offenses stemming from suspected fraudulent storm claims following the 2004 and 2005 hurricane seasons. Sentences can range from five to 30 years per count, and the statute of limitations for insurance fraud and most related charges is five years.
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