A big part of our (New York’s) $48.5 billion in debt could be lessened if we combated auto insurance fraud– these cases cost hundreds of millions and are tying up the court system. David Schwartz, attorney who represents the group “New Yorkers Stand Against Insurance Fraud” is proposing some reforms joined WPIX’s Laurie Dhue.
New York is in a no-fault crisis – a crisis brought on by criminals who are gaming the auto insurance system. Auto accident fraud is costing New York consumers hundreds of millions of dollars.According to the Insurance Information Institute, no-fault fraud and abuse cost New Yorkers about a quarter-of-a-billion dollars in 2010. In addition to costing New Yorkers hundreds of millions of dollars, it put all of us at risk.
Learn more at New Yorkers Stand Against Insurance Fraud.
