LMA NEWSLETTER July 2, 2018

Let’s Do Our Swimmingly Best!

You will notice in this edition that we report on various and recent arrests of those perpetrating insurance fraud and stealing from policyholders.  As I was reading the newsletter draft before we went to press, I couldn’t help but wonder…”what if these crooks used their ingenuity and drive to do something worthwhile”?

Then I read …

Changing the Approach to Solving Florida’s AOB Abuse

New tools and analytics revealing hidden costs

I’m happy that so many of you were able to join us for our recent webinar Industry Beware: Inside the AOB Epidemic.  What we learned from panelists Joe Petrelli of Demotech and Wesley Todd of CaseGlide was that better collection of data and use of …

Mastermind of Florida “Arson for Hire” Racket Imprisoned

Public adjuster turned bad guy nearly committed the perfect crimes

One of the biggest names in insurance fraud in Florida is now behind bars for likely the rest of his life, a public adjuster turned ringleader of a criminal enterprise that defrauded 14 insurance companies out of more than $14 million by setting fires to …

Texas Attorney Pleads to Insurance Fraud

‘Hail Yes’ he’s heading to prison!

An Arlington, Texas hail claims attorney has pleaded guilty to filing fraudulent roof claims lawsuits against insurance companies and accepted a deal where he’ll serve five years in prison and spill the beans on others who were part of an ongoing fraudulent plot.  Attorney Kent Livesay also pleaded guilty …

How to Buy Florida Real Estate on the Cheap?

Rig a foreclosure auction

In the magical land of imaginative fraud that we call South Florida, federal prosecutors have secured their first guilty plea ever sought in Florida on bid-rigging in foreclosure auctions.  Real estate investor Stuart Hankin recently pled guilty to taking part in a scheme to rig bids in online foreclosure auctions in …

Florida at Highest Risk for Future Tidal Flooding

Rising sea level projections cited

The Union of Concerned Scientists in a recent report said that nearly 40% of Florida’s property tax base may become “highly exposed” to tidal flooding caused by rising sea levels over the next 30 years.  That would be more than any other state in the country.  The report is based …

Revising Florida’s State Constitution

Amendment 9 prohibits offshore drilling and vaping in indoor workplaces

(Editor’s note: This is part of an ongoing series on the 13 proposed state constitutional amendments that will appear on this November’s ballot for Florida voters to consider.)

Amendment 9 is actually two proposals in one amendment.  It would prohibit drilling for exploration or extraction …

Balancing Hurricane Protection with Cost

As we settle securely into the 2018 Atlantic Hurricane Season, there is always increased awareness of the threat of great storms and other weather-related disasters.  As with any public policy matter, the debate often settles on reaching the sweet spot: How best to protect the most people (and their property) for the least amount of …