Bill would make insurance fraud more difficult

Legislative Gazette - May 23, 2011

New York business leaders are urging lawmakers to pass legislation to help fight insurance fraud they say is costing the state and policyholders millions. Fraud Costs New York, a coalition of business leaders, consumers and lawmakers, is calling on the state Legislature to reform the no-fault auto insurance system to curb cases of fraud and insurance abuses they say totaled more than $200 million last year.

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Our Reform Agenda

  1. Encourages fast and fair dispute settlements
  2. Supports adequate time for fraud investigations
  3. Institutes tougher penalties for insurance fraud
  4. Combats excessive medical charges