Geico Files $1.8M Lawsuit over Alleged No-Fault Fraud in New York
June 14, 2010
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Warren, Warren ,..PLEASE !
Those goniffs were simply trying to emulate what we oftrentimes hear from YOUR OWN policyholders !!
Looks like the Little Green Lizard is upset.
One good way to combat the fraud in No Fault insurance is to simply do away with it.
Can’t we all just enjoy our Flag Day?
I heart Flag Day.
Khan,
I assume you work for SF or Allstate. If not, my apologies. However, whichever company you work for probably gets worse complaints than the Gecko’s beloved to other companies, including GEICO…ESPECIALLY in New York. How else can they manage to be #1 in the wonderful state of NY?
And Walmart is the #1 retailer.
please don’t be hatin’ on the gecko…he’s saved millions 15% or more on car insurance
Allstate has the biggest market share in NY. Sorry to burst that bubble you just blew.
Fraud is illegal, period. Glad some companies have the gonads to go after these people.
Maybe others will learn from this. Put enough people in jail and hopefully someone will learn!
But crooks are crooks and will probably not change.
According to the 2009 AM Best report for property/casualty lines in New York in terms of written premiums (% of total market share):
GEICO 22.2%
Allstate 18.9%
State Farm 10.1%
Progressive 7.6%
Now that we realize that you didn’t bother to look it up. I’m going to deduct ten points from your score for making me work.
Sorry that was 2007 AM best information. Now for the most current NY P/C by % market share:
GEICO 23.0%
Allstate 18.9%
State Farm 10.8%
Progressive 6.6%
Source: AM Best.
what is interesting is that you have to remember, if we don’t fight fraud rates go up for everyone. this is a lot of money that can be recovered and keep rates down. but if left uncovered, how much more money? after all, if we were the only company that this company did the fraud to, wonder how many other companies are in the mix from the same orchestrated company? what’s the difference between this and a ponzi scheme? none, just instead of individuals getting ripped off, it’s the company/industry.
There must be some mistake. They take and oath!!!
Obviously shoddy reporting here.
oath?! doctors take an oath to supposedly help those in need. problem, is that helpful needed true? hence, FRAUD! lawyers in most cases are just looking for money in their pocket…. lawyers don’t take an oath, just supposedly take money to help their clients (either win or lose)… fraud can happen anywhere, apparently it did here…
As a Queens New Yorker, I would like to know…..Does anyone know which center they are talking about?