Three years ago, a circuit court judge in Lee County, Florida, sharply rebuked a restoration contractor accused of hiding the true cost of condominium roof repairs in an assignment-of-benefits dispute with Tower Hill Insurance.
The ruling, issued in May 2023, framed the contractor’s billing practices as misleading and raised early red flags for insurers watching AOB claims spiral.
Six months later, the case escalated. The Florida Department of Financial Services, working with local prosecutors, filed criminal fraud and grand theft charges against Ricky McGraw, owner of South Florida Restoration Services…