No-Fault Auto Insurance Was Focus Insurance Fraud Summit

At a recent day-long conference on insurance fraud in New York, New York State Insurance Department Superintendent James Wrynn emphasized the importance of legislative reforms to fix what he calls, a broken no-fault system.

The Superintendent outlined his department’s approach to tackle the problems with the no-fault system: aggressively investigating no-fault fraud cases with the expectation of prosecution, major revisions to no-fault regulation 68, and legislative reforms.

The event was co-sponsored by the New York Insurance Association (NYIA) and the National Insurance Crime Bureau (NICB). Panel discussions addressed no-fault fraud, rate evasion, Internet policies, premium fraud and the law enforcement response to each.