Last Call — A prime-time read of what’s going down in Florida politics.
Chief Financial Officer Jimmy Patronis announced Wednesday that investigators in his department arrested a Palm Beach County man for allegedly bilking his home insurance company out of hundreds of thousands of dollars.
In a news release, Patronis’ office said Michael DeGeorge submitted a fraudulent claim to American International Group Property Casualty Company, claiming that a leak in his roof caused more than $300,000 in damages and made his home unlivable. He also claimed several personal items were damaged, but that he had thrown them away.
Investigators found that photos of the items submitted by DeGeorge were taken after he claimed to have thrown them away and that some of the damage to the home happened more than a year before he claimed. He has been charged with filing a false and fraudulent insurance claim, a third-degree felony. If convicted, he faces up to five years in prison.
The CFO said this and similar cases are emblematic of the state’s current property insurance crisis, which has been marked by rising premiums and multiple insurers entering receivership.
“Insurance fraud has no place in the state of Florida and