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“When bad actors scheme to avoid required workers’ compensation coverage, they put their employees and customers in danger,” Florida Chief Financial Officer Jimmy Patronis said in a release. “Fraud like this also drives-up insurance rates for honest contractors in our state that choose to play by the rules.” Credit: chee siong teh/Adobe StockThe owner of a Miami-area construction company was arrested for workers’ compensation premium fraud, application fraud and “organized scheme to defraud” for allegedly underreporting payroll to avoid having to pay a higher premium, according to the Florida Department of Financial Services.
In 2018, Hector Gutierrez-Morales, owner of HG & AKE Construction Corp., took out a workers’ comp policy with Traveler Property Casualty of America based on an estimated payroll of $161,000. Based on that information, a policy was issued with an estimated annual premium of around $28,000, according to the financial services department.
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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].
The lawsuit alleges Aon “wrongfully” used its unified platform to lure clients and reap huge profits.
The My Safe Florida Home program includes matching grants up to $10,000 to help pay for such things as reinforcing roof-to-wall connections, upgrading roof coverings and upgrading doors and windows, according to the program’s website.
This potentially unsettling phenomenon is poised to rise from a confluence of factors, including skyrocketing insurance costs.
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