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Industry Issues | NY No-Fault
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PCI Urges Lawmakers to Fix New York’s No-Fault System
The Property Casualty Insurers Association of America (PCI), as part of the Fraud Costs New York coalition, continues to work to achieve comprehensive, meaningful reform of New York’s no-fault auto insurance system. PCI and the coalition will be working with lawmakers to ensure that S8414/ A11596, the "Automobile Insurance Fraud Prevention Act of 2010" contains the needed reforms that will help contain costs and address fraud and abuse in the no-fault system.
New York’s no-fault system is broken and it is estimated that fraud and abuse of the system cost New Yorkers more than $229 million in 2009. PCI and the Fraud Cost New York coalition urged the New York Legislature to put citizens first and curtail the actions of unethical medical providers and collections attorneys who are abusing the system. PCI and the coalition held firm for comprehensive meaningful reform that takes steps to reduce the fraud epidemic while holding the line on cost drivers such as unnecessarily expanding the definition of what constitutes a “serious injury” under the no-fault system.
To educate lawmakers and consumers about the need for achieve comprehensive, meaningful reform, the coalition has created a campaign Web site, www.FraudCostsNewYork.com.
The No-Fault Reform Agenda
PCI and the coalition sought reforms that will combat excessive medical charges, encourage fast and fair settlements of claim disputes, provide adequate time for fraud investigations, and institute tough penalties for insurance fraud by making it possible to decertify health care providers who commit no-fault insurance fraud. PCI also wants to protect public safety and control insurance costs by increasing penalties for so-called “runners” who stage accidents to enable fraudulent medical claims or steer accident victims towards unnecessary medical treatments.
Learn More
Lawyers in drive for more car suits (New York Post | June 22, 2010)
Op-Ed: Common-sense reform needed to combat auto insurance fraud
New York Superintendent of Insurance James Wyrnn (Westchester Journal News | May 25, 2010)
Op-Ed: Thompson’s legislation would cost all New Yorkers
PCI Assistant Vice President Kristina Baldwin (Buffalo News | May 19, 2010)
Auto Insurance Fraud Cost New Yorkers over $229 Million in 2009; PCI Encourages Legislative Reforms
PCI Testimony at New York Senate Insurance Committee Hearing
PCI Testimony regarding No-Fault Insurance Statistics
Educational Resouces
Fraud in New York's No-Fault Insurance System Costs Consumers
New York Automobile Insurance No-Fault: Background and the New Fraud Problem
A Hidden Crisis: The Impact of Fraud on New York’s No-Fault Auto Insurance System and Its Drivers
Resouces
Coalition Against Insurance Fraud
Insurance Information Institute
National Insurance Crime Bureau
New York Alliance Against Insurance Fraud
New York Insurance Association
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