New York has launched a meticulous statewide initiative to shut down medical offices that have been fraudulently billing for medical services for car accident victims under the no-fault personal injury protection (PIP) system in the state, when those services are either entirely unnecessary or were never administered in the first place. Under the new regulations of this initiative, any doctors who have taken part in these unscrupulous efforts to defraud the PIP system in New York will be committing professional suicide. The regulations are being issued by the Department of…
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New York insurance regulators and federal authorities claim victory over insurance fraud syndicate
Auto insurance fraud has been a major problem in the state of New York. For years, regulators and lawmakers have been working to combat fraud throughout the state, but it has been a difficult challenge to overcome. This week, regulators have claimed a major victory as state and federal authorities dismantled a massive auto insurance fraud ring. Regulators are calling it the largest insurance fraud syndicate that focused almost exclusively on exploiting New York’s no-fault insurance laws. The crime ring is comprised of 36 people in total. Ten doctors and…
Read MoreReport shows the discrepancy of auto insurance claims in New York City
The Insurance Research Council of Pennsylvania has released a new report concerning auto claims and insured losses in New York City. New York has become infamous in the insurance industry for the multitude of auto claims that come from the state. In recent years, more claims have been coming in to insurers, many of which have been found to be fraudulent. The report highlights the differences in claiming behavior throughout the state and touches upon the discrepancies found in claims. According to the report, personal injury protection claims have risen…
Read MoreAllstate files $5 million lawsuit in New York as a result of fraud
Allstate Insurance is looking to recover some $5 million in New York that has been lost due to fraud. The company has filed a lawsuit targeting 21 individuals, 17 of which are being accused of misrepresenting public entities. The insurer claims that these people have continuously submitted fraudulent claims on behalf of corporation that were owned and operated by laypersons, as opposed to licensed professionals. The insurer notes that fraud is one of the primary reasons rates have been rising in the state in recent years. Allstate has filed some…
Read MoreNew anti-texting law in New York has doubled traffic tickets for drivers
According to New York Governor Andrew Cuomo, a new law in that state that has banned texting while driving has lead to the doubling of the number of traffic tickets related to that activity. August represented the first full month since the law was passed in New York, and its police wrote 1,082 tickets to drivers who continued to use their mobile devices for texting while driving. This number of issued tickets was over twice the amount that were written at the same time in 2010. Within the first half…
Read MoreAllstate insurance ranks American cities for most and least likely to have an auto accident
Allstate Insurance has released its annual ranking of the best and the worst cities for traffic accidents… with Washington D.C. ranking as the city with the greatest likelihood of collisions, and Fort Collins, Colorado holding the distinction of having the lowest odds of a crash. In order to rank the cities, the insurer compared the frequency of auto collisions with the population of the city. This provided Allstate with the average driver’s odds of being in an accident. They also compared that likelihood with the average for the country. In…
Read MoreNew York’s fire department proposes unpopular “Crash Tax”
The Stanton Island City Council has been pushing around a new proposal that is being referred to as, “crash tax” This new fee will be assessed to both drivers, whether at fault or not, and can become effective as early as this July. The FDNY will charge $490 to each driver involved in accidents resulting in injuries, $415 for vehicle fires and $365 for just showing up. In a statement from FDNY spokesman Steve Ritea, “The intention here is to take the burden off of taxpayers and make the parties…
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