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Florida CFO Jeff Atwater: Statement Regarding Legislative Efforts to Fight Auto Insurance Fraud

4/26/2011

Contact: Alexis Lambert 
(850) 413-2842

TALLAHASSEE—Florida Chief Financial Officer Jeff Atwater today released the following statement recognizing Senators Chris Smith (D-Oakland Park), John Thrasher (R-Jacksonville), and Garrett Richter (R-Naples) for their efforts to pass two measures that will help fight automobile insurance fraud—requiring law enforcement officers to list all passengers in an accident and the creation of civil penalties for those convicted of auto insurance fraud, the proceeds of which will be used to fund additional anti-fraud efforts.

“Scam artists are continuing to find ways to bilk Florida’s auto insurance system and consumers are on the losing end.  The efforts of Senators Smith, Thrasher and Richter to enact tougher fraud-fighting measures this Session demonstrate their commitment to rid our state of the scammers cheating our fellow Floridians out of their hard-earned dollars.”

“Absent much-needed reforms, fraud left unchecked will further drive up auto insurance premiums, forcing Floridians to pay more in tight budget times, or worse, leaving more Florida drivers with no choice but to go uninsured, putting us all at greater financial risk when we’re behind the wheel.”

Chief Financial Officer Jeff Atwater, a statewide elected official and officer of the Florida Cabinet, oversees the Department of Financial Services.  CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government, reducing government spending and regulatory burdens that chase away capital, and ensuring transparency and accountability in spending.