From the Insurance Information Institute: Medical payments under New York’s no-fault’s PIP, or personal injury protection, the coverage part that pays for medical care and other benefits if the policyholder has an auto accident, are rising dramatically, in part due to fraud and abuse. PIP average claims costs in the third quarter of 2010 stood […]
No Fault Insurance – Insurance Information Institute Read More »
From the National Insurance Crime Bureau: Insurance industry studies indicate 10 percent or more of property/casualty insurance claims are fraudulent. And fraud is the second most costly white-collar crime in America behind tax evasion. Add it all up and insurance fraud costs Americans billions of dollars each year. Not only does fraud cause higher insurance
NICB: Insurance Fraud Understanding The Basics Read More »
A day after the Justice Department announced the bust of a massive, $275 million auto fraud ring in New York, the New York State Trial Lawyers continue to block legislation in Albany to crack down on these criminal enterprises, the driver advocacy group New Yorkers State Against Auto Insurance Fraid (NYSAIF) today charged. Auto insurance
$275 MILLION AUTO FRAUD RING BUSTED Read More »
Billion-Dollar ‘Fraud Tax’ Crime Syndicate Drives Up Rates New York – Jan. 27…Staged car accidents and other auto insurance scams have become a “cottage industry” in states like New York and Florida, with organized criminal gangs and crooked medical facilities bilking hundreds of millions of dollars from insurance companies and hiking rates for innocent drivers.
CBS NEWS: “MASSIVE FRAUD” IN STAGED ACCIDENT AUTO INSURANCE “COTTAGE INDUSTRY” Read More »
‘Frankie the Fraudster’ to Thank New York Trial Lawyers, et al Throughout 2012 New York, Jan.17…A nefarious – and pointedly obnoxious – cartoon character called “Frankie the Fraudster” was today named a 2012 spokesman for New Yorkers Stand Against Insurance Fraud (NYSAIF), an organization of drivers fighting rampant auto insurance fraud in the Empire State.
NYSAIF INTRODUCES NEW SPOKESMAN: Read More »
Their first attempt at deliberately ramming their vehicles into one another on a Bronx street last summer did not sufficiently damage the cars. So the suspects – nine of them spread out in three vehicles – tried again, this time backing into each other in what the authorities say was a criminal version of demolition
NY Times: A Staged Accident, Caught on Video Read More »
He witnessed a truck crash — but really saw a huge payday, cops said. A Bronx driver reaped an insurance windfall by pretending he was involved in a wreck between a tractor-trailer and a car near the Triborough Bridge — but surveillance video caught him in his lie, police said yesterday. Read more at the
NY Post: Samaritan Scam: Cops Read More »
From NBC New York: “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
NBC NY: No-Fault Insurance Fraud Spikes in NY Read More »
New Yorkers Stand Against Insurance Fraud is proud to count New York Assembly Minority Leader Brian Kolb among our fraud-fighting champions. Here’s what Assemblyman Kolb has to say: 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
Driver Endorsed: NYSAIF Backs Assemblyman Brian Kolb Read More »
New Yorkers Stand Against Insurance Fraud proudly endorsed Assemblyman David Weprin for his fight against fraud. “Staged auto accidents are serious. They inflict physical and economic harm — and, in the case of my constituent, Alice Ross, death. My bill sends a clear message to the crooks roving our streets and highways in search of
Driver Endorsed: NYSAIF Backs NY Assemblyman David Weprin Read More »
