MIAMI (AP) — Authorities say 22 people have been charged in a major home insurance fraud ring operating in South Florida.
Miami-Dade State Attorney Katherine Fernandez Rundle and state Chief Financial Officer Jeff Atwater said Tuesday losses from the fraud are estimated at $7.6 million. The fraud usually involved staged fires or floods at homes owned by people who were recruited by the fraud ringleaders.
Rundle says the organization staged at least 17 fake home damage incidents. The ring was allegedly led by a Miami public adjuster, who is licensed to represent insurance policyholders making claims. The adjuster purportedly took up to 30 percent of the claim paid by the insurer.
The adjuster and his wife are charged under Florida racketeering laws that carry a maximum 30-year prison sentence.