The New York State Senate Insurance Committee plans to hold a hearing Feb. 9 on New York’s auto insurance fraud problem.
Fraud investigators and the insurance department are expected to testify on how staged accidents are spreading around the state.
The committee also said it expected to “revive two reform bills the Senate passed last year but which died in the Assembly. SB 555 would make it a felony to recruit members of staged-accident rings [the long-sought ‘runners’ bill].
“SB 683 would let insurers delay paying suspicious claims for 30 days while they investigate. The bill also would give the insurance department greater power to investigate medical clinics and other providers.”
Was this article valuable?
Here are more articles you may enjoy.
MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report
Court Orders Justice Family Coal Companies to Pay $1M to Liberty Mutual Unit
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 

