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No-Fault Insurance Fraud in New York State is Ramping Up Premiums

No-Fault Insurance Fraud in New York State is Ramping Up Premiums

Fraud is driving up the cost of auto insurance for New York State drivers, particularly those who live in New York City’s five boroughs and its neighboring suburbs. As a result, some people are paying four times more for no-fault auto insurance than the state average and seven times more than drivers in Albany, which has fewer cases of fraud.

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NBC NY: No-Fault Insurance Fraud Spikes in NY

NBC NY: No-Fault Insurance Fraud Spikes in NY

VIDEO: “About one in five no-fault claims in the New York City area shows evidence of fraud,” said Robert Hartwig of the Insurance Information Institute. “In other words, the claim itself may have been entirely contrived. In New York state alone we are looking at a quarter of a billion dollars in no-fault fraud.”

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