Hugh T. Farley's posts related to Insurance Fraud

SEN. FARLEY REPORTS SENATE APPROVES BILLS TO FIGHT AUTO INSURANCE FRAUD

State Senator Hugh T. Farley (R – Schenectady) reported the New York State Senate ecently passed legislation to crack down on auto insurance fraud which has led to injuries - even death - for innocent victims and costs hundreds of millions of dollars a year in higher premiums when New Yorkers already pay some of the highest auto insurance rates in the country.

The three bills approved would significantly cut down on auto insurance scams by increasing penalties for those who commit or assist in the fraud and by giving more flexibility to insurance companies to prevent criminals from getting policies and continuing to commit auto fraud.

According to the National Insurance Crime Bureau (NICB), New York ranks among the top five states for fraudulent auto insurance claims.

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