As fears grow that economic conditions could spur fraud, a Florida official reminded the public that the state will reward a $25,000 bounty to anyone who turns in participants in an auto accident scam.
Alex Sink, the Florida chief financial officer who oversees the Department of Financial Services and Division of Insurance Fraud, said the department will pay a reward of up to $25,000 to anyone who provides information that leads to arrest and conviction.
The CFO's office said that since the inception of the reward program in 1999, $201,000 has been paid out, more than half of that for reported personal injury protection (PIP) fraud schemes involving $10.5 million in potential insurance losses.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
