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CFO Atwater Announces Arrest of Orlando Public Adjuster for Insurance Fraud

5/9/2014

Contact: Chris Cate
(850) 413- 2842
TALLAHASSEE – Florida Chief Financial Officer Jeff Atwater today announced the arrest of Robert Eugene Leverett II, an Orlando public adjuster, for insurance fraud after he overestimated a claim by more than $500,000 in an effort to significantly increase the fee he was being paid.
 
“I am proud of our investigators for bringing this individual to justice,” said CFO Atwater. “When a public adjuster commits fraud, it is a betrayal of trust that hurts the client who needs his or her help and the general public whose cost of insurance is driven up.”
 
Leverett was hired by an Orlando motel to evaluate damage caused by a fire. But despite multiple experts who estimated the damage to be approximately $210,000, Leverett, who gets paid 10 percent of the claim payout, estimated the damage to be more than $750,000. A tip from the hotel’s insurer, Capacity Insurance Company, alerted the Division of Insurance Fraud to Leverett’s activities. He has now been charged with four counts of insurance fraud and one count of scheme to defraud.
 
If convicted, Leverett faces up to 30 years in prison and $30,000 in fines. The case will be prosecuted by the State Attorney’s Office for the Ninth Judicial District.
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Chief Financial Officer Jeff Atwater, a statewide elected official, 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 businesses and providing transparency and accountability in state spending.