New York State Senator Greg Ball and Westchester County Executive Robert Astorino join the fight to stop auto insurance fraud at the Peekskill, New York DMV. This criminal enterprise costs New York Drivers millions of dollars. Bookmark on Delicious Digg this post Recommend on Facebook Share on Linkedin share via Reddit Share with Stumblers Tweet [...]
New York is in a no-fault crisis – a crisis brought on by criminals who are gaming the auto insurance system. Auto accident fraud is costing New York consumers hundreds of millions of dollars.
Nassau County Executive Edward Mangano and NYSAIF.Org Executive Director, Rafe Lieber talk about New York’s auto insurance fraud problem.
NY State Senator Martin Golden talks to Gotham Talk Radio about fighting auto insurance fraud. You can listen to the interview right here.
Senator James L. Seward joined forces today with King County District Attorney Charles Hynes, Senator Martin Golden and Assemblyman Joseph Morelle in support of reforming New York’s no-fault auto insurance laws.
On April 26th, the Senate Standing Committee on Insurance held a public hearing on no fault insurance fraud. Watch the video here
A recent report from the Insurance Information Institute (I.I.I.) highlighted the problems that the state of New York is currently facing as a result of fraud and abuse that is exploiting its no-fault auto insurance system. According to the I.I.I., the total bill for fraudulent claims and abuse of the no-fault system in New York in 2010 was $204 million. Who footed this bill? Why, honest drivers in New York, of course, along with auto insurance companies. This $204 million created, in essence, a “fraud tax” of a whopping $1,311 per claim – or 15 percent of each no-fault claim – the I.I.I. report noted. (Related: Florida drivers could be paying “fraud tax”)