Two licensed public adjusters who fraudulently collected more than $400,000 from two insurance companies by submitting bogus contractor agreements have been arrested in Miami by detectives in the Department of Financial Services Division of Insurance Fraud.
Jose Manuel Soler and Ariel L. Fernandez, of Coast to Coast Public Adjusters, allegedly submitted approximately 75 forged contractor agreements, resulting in an overpayment by Citizens Insurance of approximately $314,596.54. Detectives said an additional 29 such documents were submitted to the Tower Hill Group resulting in a loss of approximately $125,281.81.
