Industry Backs New York No-Fault Reform Bill; Fla. Also Pushing For Change

National Underwriter – Feb. 15, 2011

The insurance industry is applauding the introduction of a bill that could corral costs related to fraud and abuse of New York's no-fault automobile insurance system.  The measure, Senate bill 2816, was introduced by state Senator James Seward, R-Oneonta. It would implement tougher penalties on cheaters of the system, modify rules to allow insurers to investigate claims, prevent excessive and unnecessary medical costs, and mandate the use of an arbitrator for disputed claims.

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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