New York law spurs 56% rise in no-fault injury costs
New York needs to revamp its no-fault auto insurance policy that caused a 56% increase in accident victims' claims costs in the second quarter this year, according to the Insurance Information Institute. "The costs of fraud and abuse of the state's no-fault system ultimately are borne by New York's honest policyholders," III President Robert Hartwig said.
National Underwriter | 11/05
This story published in PCI SmartBrief on 11/06/2009
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