New Fraud Fighting Tool in Florida

Florida has enacted a new statutory tool for reducing Workers Comp fraud. The new law, signed by the governor on June 7, creates a database system for tracking checks cashed at check cashing stores. The law requires reporting of data on all checks over $1,000.00.

These check cashing stores, it turns out, are believed to often be used in premium avoidance schemes by unscrupulous employers. More info can be found here.

Premium reduction or avoidance schemes by some employers put honest companies at a competitive disadvantage, and endanger workers who can be deprived of the protections and benefits that states have enacted via their Workers Compensation statutes.