PCI At Work
New York No-Fault Costs Rise; PCI Urges Legislative Reforms
No-fault auto insurance fraud is estimated to have added almost $229 million in costs to the insurance system in 2009 and it is time to stop the rip-off of hard working New Yorkers.
The Property Casualty Insurers Association of America (PCI) is urging the Legislature to put responsible citizens first and take action this year to curtail the actions of unethical medical providers and collections attorneys who are abusing the system.
Enacting meaningful, comprehensive legislation reform of the New York no-fault system is a top priority for PCI and others in the industry. PCI is seeking 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. We also want 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
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
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
Insurance Information Institute
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