Fraud Costs NY

Op-Ed: It’s time to cut the fraud tax

Queens Courier – Dec. 8, 2011

By New York City Councilman Peter F. Vallone, Jr. and New York State Assemblyman Alan Maisel
No-fault auto insurance fraud has reached crisis level in New York State. As a result, New Yorkers currently pay 53 percent more than the national average for auto insurance premiums which makes our state the fourth most expensive for such costs, trailing only Louisiana, Washington, D.C. and New Jersey. The costs are particularly high in the outer boroughs of New York City, where drivers in Brooklyn and Queens pay 185 percent and 167 percent more than the nationwide average, respectively, largely due to rampant no-fault auto insurance fraud.

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