Florida Auto Insurance Bills to Help Fraud

In Florida, affecting many cities including Orlando and Jacksonville auto insurance, two bills are in the works to cut down the amount of auto insurance fraud plaguing the state of Florida. The article "Florida Senate Panel Advances Auto Insurance Bills" by Brent Kallestad found on Business Week's site discusses some of the details of the two bills.

The Senate Banking and Insurance Committee approved the bills after much debate over what was the right direction. They are trying to get a handle of how much fraud is going through the state of Florida. Auto insurance fraud not only causes losses to the auto insurance companies, but these losses are passed on to consumers in the form of higher insurance rates.

The main goal of these bills is to give more power to the auto insurance companies to deny suspicious claims. This could make it harder on honest drivers doctors who are trying to get paid, so there is definitely some mixed emotion over the best way to handle such problems. Insurance companies, medical providers and attorneys can agree that something has to be done about the rampant fraud in the state, but there are many theories on the best way to handle the situation.