As New York’s average no-fault claim is 56% higher than the national median of$5,135, it is clear that we need to take positive steps to address this issue. As you know, auto insurance fraud is a prime reason that New Yorkers pay some of the highest premiums in the nation, 54% more on average than drivers in other states.
While the State Department of Financial Services has unde1iaken some positive regulatory efforts to crack down on deceptive practices and unscrupulous medical providers in the no-fault system, more needs to be done legislatively. I have supported, and will continue to support, the bills you highlighted and, as you are aware, I voted in favor of A.1 0784 when it passed the Assembly in June.
I am also a co-sponsor of Assembly Bill A.5200, omnibus legislation on no-fault fraud, which, if enacted, would address many of the concerns that have been raised on this topic. I invite you to review this legislation and lend your support in our efforts to address this important issue.
I look forward to working with you and the coalition, New Yorkers Stand Against Insurance Fraud, to enact meaningful no-fault fraud reform.