A Florida man, Jerry Dietress, allegedly faked a car theft from a Shell gas station and reported it as stolen for an insurance payout. The same car was found crashed into a pole in a parking lot and police began investigating the case. They found a pattern in surveillance footage from nearby buildings and street cameras, which led them to suspect the theft was staged. Dietress was arrested on March 9 and Hector Cordderero was also arrested. The Insurance Information Institute estimates that auto insurance fraud costs Americans billions of dollars each year, accounting for roughly 10 percent of property and casualty insurance losses annually. The Coalition Against Insurance Fraud (CAIF) reports that staged accidents and false theft claims are among the more common schemes. The CAIF has circulated a total of $20 billion for staged auto incidents alone, which costs insurers and policyholders an estimated $21 billion annually.