ALBANY, 02/08/11 – Fraud Costs New York, a statewide coalition dedicated to curbing the rampant auto-insurance fraud that costs New Yorkers millions of dollars each year, today praised State Senator James Seward for introducing legislation that would reduce fraud, abuse and the associated costs in the New York no-fault system.
New Yorkers now pay the fourth highest premiums in the nation for auto insurance due in large part to an outdated system that is rife with fraud and abuse. In 2010, no-fault fraud cost New Yorkers more than $241 million, a cost absorbed by all drivers in the form of higher premiums.
ALBANY, 03/22/11 -- The New York State Senate today passed a bill (S.1685) that would prevent insurance fraud by making it a felony to intentionally cause a vehicle collision. The legislation, sponsored by Senator James L. Seward (R-C-I, Oneonta), targets criminals who capitalize on vulnerable motorists in attempts to profit from insurance claims.
ALBANY, NY May 3, 2011 – Senator James L. Seward joined forces today with King County District Attorney Charles Hynes, Senator Martin Golden and Assemblyman Joseph Morelle in support of reforming New York’s no-fault auto insurance laws.
New Yorkers now pay the fourth highest premiums in the nation for auto insurance, due in large part to an outdated system that is rife with fraud and abuse. In 2010, for the second consecutive year, no-fault fraud cost New Yorkers more than $200 million—this cost is a ‘Fraud Tax’ that is absorbed by all drivers across the state in the form of higher insurance premiums.
ONEONTA, 01/12/12 – In media conferences across his district kicking off the 2012 session of the New York State Senate, State Senator James L. Seward (R/C/I-Oneonta) opened up his legislative playbook and detailed his “Keys for Success.” Seward’s game plan focuses on economic development, mandate relief, reform of the education aid formula, and continued flood recovery assistance.
ALBANY, 03/22/12 – The New York State Senate today passed three bills to combat auto insurance fraud, which costs New Yorkers more than $1 billion a year, as well as legislation that would impose stronger criminal penalties for staging auto accidents. Recent cases of auto insurance fraud have uncovered massive crime rings, including doctors, lawyers and scam artists who staged accidents and used New York's no-fault insurance program as their own giant state-sponsored, ATM machine.
New York State Senate Majority Leader Dean G. Skelos, Senate Insurance Committee Chairman Senator James L. Seward and Senator Martin Golden today joined law enforcement, insurance advocates, business groups, and victims to press for the assembly’s passage of three auto insurance fraud prevention bills before the end of this year’s legislative session. Auto insurance fraud costs New Yorkers million of dollars each year and has led to injuries - even death - for innocent victims.
ALBANY, 05/08/13 - The New York State Senate today 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 today 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.
Joint - Senate Standing Committee on Banks Chair: Senator Joseph Griffo Senate Standing Committee on Veterans, Homeland Security and Military Affairs Chair: Senator Greg Ball Senate Standing Committee on Insurance Chair: Senator James Seward Senate Standing Committee on Commerce, Economic Developmentand Small Business Chair: Senator David Valesky Senate Select Committee on Science, Technology, Incubation and Entrepreneurship Chair: Senator Martin Golden Senate Standing Committee on Crime Victims, Crime and Correction Chair: Senator Patrick M. Gallivan Public Hearing: Cybersecurity: Defending New York from cyber attacks Place: The Griffiss Institute, 725 Daedalian Drive, Rome, New York Time: 12:00 P.M. – 4:00 P.M. Contact: Dwight Evans (518) 455-3334 Media Contact: Rayan Aguam (315) 793-9072 ORAL TESTIMONY BY INVITATION ONLY