P/C insurers urge N.Y. lawmakers to revamp no-fault auto system

02/8/2010 | PropertyCasualty360 · Insurance Networking News

Property/casualty insurers after attending a state Senate committee meeting voiced optimism that New York would implement reforms to address the abuse and other problems in its no-fault auto insurance system. In his testimony, PCI's Paul Blume estimated that the no-fault auto insurance fraud increased the state's auto insurance costs by nearly $229 million. "We are 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," he said.

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PropertyCasualty360 · Insurance Networking News

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