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CFO Sink Names New Insurance Fraud Division Director

8/7/2007

CONTACT:  Tara Klimek or Nina Banister
(850) 413-2842
 
TALLAHASSEE—Florida Chief Financial Officer Alex Sink announced today that she has named a 30-year law enforcement veteran to run the Department of Financial Services’ nationally recognized Division of Insurance Fraud (DIF), a sworn statewide agency that investigates fraud in all lines of insurance.
 
Vicki Cutcliffe most recently served as Chief of Law Enforcement Support for the Florida Department of Transportation, Motor Carrier Compliance Office, where she led the agency to full accreditation by the Commission for Florida Law Enforcement Accreditation. In addition, she managed the Training, Recruitment and Selection, Policy Development, Public Information, Facilities Inspection, and Penalty Collection sections.  She also is a member of the State’s Emergency Operations Command Center. 
 
“I am pleased to have someone with Vicki’s experience and expertise lead our insurance fraud division, which is recognized as a national leader among state fraud bureaus,” said CFO Sink, who oversees the department.  “I am confident that she will lead us to new heights in the ongoing fight against costly insurance fraud.”
 
The Coalition Against Insurance Fraud last year released a study that showed DIF leading the nation’s fraud bureaus in the number of cases presented to prosecutors and in the amount of court-ordered restitution won in court cases.  DIF is one of 40 state anti-fraud bureaus and one of 32 with police powers, and last year the division made a record 819 arrests and won 590 convictions.
 
According to the Coalition, Floridians pay an additional $1,400 a year due to insurance fraud.  The division offers a reward of up to $25,000 for information directly leading to an arrest and conviction in complex insurance fraud cases, and has paid more than $94,000 in rewards since 2001. 
 
CFO Sink began looking for a new DIF Director earlier this year after appointing former director Eric Miller to serve as Deputy Chief Financial Officer. 
 
Director Cutcliffe has a Bachelor of Science Degree from Thomas University.  She was awarded the Florida Department of Transportation’s 2006 Distinguished Manager Award, Commission for Florida Law Enforcement Accreditation 2003 Accreditation Manager of the Year as well as the 2004 Commission award for being the sole law enforcement professional to lead two law enforcement agencies through to successful accreditation. She serves as a member of the Commission for Florida Law Enforcement Accreditation Standards and Interpretation Committee, and is a Distinguished Graduate of the University of Louisville, Southern Police Institute’s Command Officer’s Development Course.

As a statewide elected officer of the Florida Cabinet, Chief Financial Officer Alex Sink  oversees the department of Financial Services, a multi-division state agency responsible for management of state funds and unclaimed property, assisting consumers who request information and help related to financial services, and investigating financial fraud. CFO Sink also serves as the State Fire Marshal.