By Frank Goldstein, Managing Partner
The Florida Department of Financial Services and insurance companies are both dedicated to stamping out fraud. So why does it appear at times that they do not understand one another’s roles and needs? And how can the two entities strategically work together to effectuate arrests and increase conviction rates?
Next Wednesday afternoon, I will help answer some of those questions and more during a presentation at the 22nd Annual FIFEC Conference in Orlando. Joining me will be three of the industry’s most influential current and former leaders: Howard Pohl, Counsel for the Division of Insurance Fraud (law enforcement arm for the Department of Financial Services), John Askins, former director of the Division of Insurance Fraud, and Carol LaDuke, a former investigator of the year, who oversees a team of SIU Analysts, countrywide, for Allstate Insurance Company.
As we all know, insurance companies are required by law to report evidence of a fraudulent insurance act, to the Division of Insurance Fraud (DIF). In the end, we all want these reports to result in arrests and successful prosecutions. Our presentation will discuss the relationship between insurance companies and DIF, educate them on key information and evidence that should be collected and the best ways it can be presented.
We’ll also address the types of information DIF and insurance companies should be sharing and how the two groups can cooperate without hindering each other’s investigations.
The title of our presentation is: Separate, But Equal…Understanding and Maximizing the Relationship Between the Department Of Financial Services and Insurance Companies.
I hope you will join us. I look forward to seeing you in Orlando.
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