Caution urged on insurance fraud reforms

Legislative Gazette - May 2, 2011

Lawmakers are calling for an overhaul of the state's no-fault auto insurance regulations to better protect against fraud. Senate Insurance Committee Chairman James Seward, R-Milford, and committee members Martin Golden, R-Brooklyn, and Jack Martins, R-Mineola, conducted a hearing April 26 to listen to testimony from industry representatives, consumer protection groups and other stakeholders who presented recommendations on how to mitigate fraud in the system and comment on the three related bills introduced by the senators.

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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