May 21, 2001

Nevada’s Senate Commerce and Labor Committee approved legislation designed to discourage insurance fraud rings. One of the goals of AB 135 is to make it easier for insurance companies to get money back from fraudulent claims. The legislation would also form a fraud control unit with subpoena powers in the attorney general’s office, which would have primary jurisdiction to prosecute fraud cases. Howard Goldblatt from the Washington, D.C.-based Coalition Against Insurance Fraud informed the committee that he is in favor of the bill due to the fact that insurance fraud rings are moving to the Silver State from other western areas to ply their trade. Goldblatt also endorsed a measure which would form a sliding scale, going from $50 to $2,000, which insurers would use to help pay for fraud investigations.

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Insurance Journal West May 21, 2001
May 21, 2001
Insurance Journal West Magazine

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