Overview
What is Florida Insurance Fraud Education Committee?
The Florida Insurance Fraud Education Committee (FIFEC) is a nonprofit organization situated in Ponte Vedra Beach, Florida. Its primary mission is to host an annual conference focusing on insurance fraud prevention and detection. The event features approximately 60 courses, attracting up to 1200 attendees, including those granted registration fee waivers. With no paid staff, the organization relies entirely on volunteers, maintaining reasonable registration fees to encourage broad participation. FIFEC has garnered a strong reputation in the industry as the top insurance fraud conference in the country, drawing attendees from various states. Its purpose is to provide educational resources to law enforcement, insurance investigators, and other professionals, aiding them in detecting, investigating, prosecuting, and preventing fraudulent insurance claims.
Official website here: www.fifec.org
Is Florida Insurance Fraud Education Committee legitimate?
Florida Insurance Fraud Education Committee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Insurance Fraud Education Committee submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.fifec.org
What is the mission statement of Florida Insurance Fraud Education Committee?
The Florida Insurance Fraud Education Committee's mission is centered around providing educational resources to law enforcement personnel and individuals from the insurance industry. This is primarily done through an annual conference, where various courses are offered to enhance their abilities in detecting, investigating, prosecuting, and preventing insurance fraud. The committee also extends financial assistance to law enforcement personnel who might not be able to attend due to their agencies' budget constraints. The objective is to combat false insurance claims, aiming to reduce the overall cost of insurance for consumers. This initiative is a collaborative effort between the Florida Department of Financial Services' Division of Investigations and Forensic Services (DIFS) and various insurance companies' Special Investigation Units (SIU's).
Official website here: www.fifec.org
Who is the CEO of Florida Insurance Fraud Education Committee?
Jesus Alvarez-Chair is the Chair & Director (3 Positions) of Florida Insurance Fraud Education Committee.
Official website here: www.fifec.org
What is the revenue of Florida Insurance Fraud Education Committee?
Florida Insurance Fraud Education Committee's revenue in 2023 was $392,280.
Official website here: www.fifec.org
Who are the executives of Florida Insurance Fraud Education Committee and what are their salaries?
There 140 volunteers at Florida Insurance Fraud Education Committee.
Here are 17 key members and their salaries:
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Official website here: www.fifec.org
Where can I find the form 990 for Florida Insurance Fraud Education Committee?
Florida Insurance Fraud Education Committee's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fifec.org
Learn more at the official website: www.fifec.org
Mission Statement of Florida Insurance Fraud Education Committee
The Florida Insurance Fraud Education Committee is devoted to providing educational resources to law enforcement personnel and individuals from the insurance sector. Their primary objective is to equip these professionals with the necessary skills to identify, investigate, prosecute, and prevent insurance fraud. By offering a variety of educational courses at an annual conference, they aim to reduce the overall cost of insurance for consumers. Furthermore, the committee extends financial aid to law enforcement personnel who may not be able to attend due to budgetary constraints within their agencies. This collective effort, involving the Florida Department of Financial Services, Division of Investigations and Forensic Services (DIFS) and the Special Investigation Units (SIU's) of various insurance companies, strives to combat insurance fraud and safeguard the financial well-being of consumers.
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Impact
October, 2024
The Florida Insurance Fraud Education Committee significantly impacts the fight against insurance fraud through its comprehensive annual conference aimed at educating law enforcement and insurance industry personnel. By offering approximately 60 courses focusing on the detection, investigation, prosecution, and prevention of fraudulent insurance claims, the committee equips attendees with essential skills and knowledge.
The conference is a crucial opportunity for around 1,200 participants each year, including over 100 individuals who benefit from grants or waived registration fees, ensuring that financial constraints do not hinder participation. This initiative fosters collaboration between the Florida Department of Financial Services and Special Investigation Units from various insurance companies, creating a critical network for sharing insights and strategies.
With a reputation as the premier insurance fraud conference in the country, the event plays a vital role in advancing the fight against insurance fraud, which ultimately helps reduce costs for consumers. The full dedication of volunteers, who invest thousands of hours into organizing the event, reflects a strong commitment to enhancing fraud detection capabilities within the industry. Overall, the committee's educational efforts are instrumental in creating a well-informed workforce that can effectively address and mitigate the impacts of insurance fraud.
This information is meant to be a general summary of Florida Insurance Fraud Education Committee. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,786
- Program Service Revenue: $390,494
- Gross Receipts: $392,280
Assets and Liabilities:
- Total Assets: $207,998
- Total Liabilities: $65,911
- Net Assets: $142,087
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FIFEC ANNUAL CONFERENCE
Revenue
$390,494
Organization Details
Founding Year
2005
Phone
(904) 834-3159Principal Officer
Jesus Alvarez-Chair
Main Address
ATTN GEORGE MEYER P O BOX 2841, PONTE VEDRA BEACH, FL, 320042841
Website
www.fifec.orgNTEE Category
Code: A99 - Arts
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