B-ROLL, VIDEO, AUDIO, PHOTOS AND RUSH TRANSCRIPT: GOVERNOR HOCHUL ANNOUNCES PARTNERSHIP BETWEEN STATE POLICE AND DEPARTMENT OF FINANCIAL SERVICES TO CRACK DOWN ON INSURANCE FRAUD - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 9, 2026 Newswires
Share
Share
Post
Email

B-ROLL, VIDEO, AUDIO, PHOTOS AND RUSH TRANSCRIPT: GOVERNOR HOCHUL ANNOUNCES PARTNERSHIP BETWEEN STATE POLICE AND DEPARTMENT OF FINANCIAL SERVICES TO CRACK DOWN ON INSURANCE FRAUD

States News Service

The following information was released by the office of the Governor of New York:

Governor Hochul: "Today, I'm pleased to announce a new partnership between DFS and the State Police and local law enforcement agencies across the entire state to strengthen how we detect and investigate insurance fraud. I believe we can do a much better job. We'll equip our agencies with better tools, better training, stronger coordination, and go after these schemes, these criminal enterprises, before they result in higher costs for our residents. And as part of that, the State Police will hold a symposium and literally train over 250 state troopers and investigators from across the state. All this will result, I believe, in building stronger cases, leading to more arrests and shutting this down."

Hochul: "As we're cracking down on these fraudulent claims, we're also cracking down on loopholes in the law that let people who are mostly at fault, who are breaking the law, get away with large payouts at everyone else's expense. We're retooling the state's fraud prevention and infrastructure so we don't have agencies working in silos. I want coordination. We've seen this in all areas of law enforcement, when we have any kind of challenge where it's retail theft or deescalation we had an auto theft a few years ago we worked together in a coordinated way, and the results have been borne out in a very positive way."

Earlier today, Governor Kathy Hochul announced that the New York State Police and Department of Financial Services will partner to crack down on insurance fraud by hosting a specialized training to further strengthen the skills of its investigators, and local law enforcement professionals across the state so they can better detect, investigate, and prosecute financial crimes, including auto insurance fraud. This partnership builds on the Governor's commitment to tackling insurance fraud and the high cost of auto insurance. The new program, developed in partnership with the New York State Department of Financial Services and prosecutors, will provide training to 250 members of law enforcement, including State Police investigators and uniformed troopers, as well as representatives from law enforcement agencies throughout New York State.

B-ROLL of the Governor touring the International Auto Show can be found on YouTube and in TV quality (h.264, mp4) format.

VIDEO: The event is available to stream on YouTube here and TV quality video is available here (h.264, mp4).

AUDIO: The Governor's remarks are available in audio form here.

PHOTOS: The Governor's Flickr page will post photos of the event here.

A rush transcript of the Governor's remarks is available below:

Good afternoon, everyone. Really happy to be at the nation's largest auto show, 126 years, and at the Javits Center since the 1980s. It's a great place for people to come, but also to showcase the incredible industry behind these vehicles the manufacturers, the new engines. I looked at some engines that were made up in Buffalo, not far from my hometown, made probably by my neighbors. But also, to talk about the dealers and the influence that they have and the 68,000 people they employ, so I was happy to take a little break from the action in Albany and slip down here today for this special occasion.

I want to acknowledge our Superintendent of Police, Steven James, who's here you'll be understanding why he's here in a moment. Acting Superintendent of Financial Services, Kaitlin Asrow; Christian Jackstadt, the Executive Deputy Commissioner of the DMV; Mark Schienberg, the President of the Greater New York Automobile Dealers Association we just took the great tour a few minutes ago and Joyce Leveston, the CEO of the Javits Center. So, we've got the whole gang here.

But I want to talk about a couple of issues that I think are particularly important to the people who either own vehicles or are looking to buy vehicles. And I had a chance to see a lot of innovation, new ideas, electric vehicles, hybrid vehicles, which really are the wave of the future, given the challenges we're facing globally with the high cost of gasoline going up exponentially, up a dollar just in the last month because of geopolitical challenges, which are always going to be unpredictable. So we're here to promote our electric vehicle campaign as well, and talk about the charging stations we're unfolding across the state, but what we also want to talk about is the fact that New Yorkers are paying the highest car insurance in the nation over $4,000, about $1,500 more than many of our neighbors and there's many reasons, but here I want to talk about one of the drivers of this: fraud. We're talking about really sophisticated criminal enterprises, networks of corrupt drivers, lawyers, medical providers who are staging elaborate crashes in order to have jackpot payouts.

And what happens to those costs? They get passed down to the motorists, the people walking through these doors. Last year alone, the Department of Financial Services received over 44,000, in one year, 44,000 complaints of reports of suspected auto fraud, auto insurance fraud. 85 percent of them are because of no fault insurance. So today we're taking that on. That's not sustainable. That's just wrong on so many levels, and I, as the Governor, cannot turn a blind eye to what is unfolding before our very eyes and having a huge impact on people's pocketbooks. That's why I've taken on this fight.

Today, I'm pleased to announce a new partnership between DFS and the State Police and local law enforcement agencies across the entire state to strengthen how we detect and investigate insurance fraud. I believe we can do a much better job. We'll equip our agencies with better tools, better training, stronger coordination, and go after these schemes, these criminal enterprises, before they result in higher costs for our residents. And as part of that, the State Police will hold a symposium and literally train over 250 state troopers and investigators from across the state. All this will result, I believe, in building stronger cases, leading to more arrests and shutting this down.

Also, in my next Budget, this Budget we're working on right now, I have a series of reforms, and I want to go after the ringleaders. I want to increase penalties, lower the thresholds for what counts as criminal fraud, so prosecutors don't have an impossible bar to hurdle in order to make a case.

As we're cracking down on these fraudulent claims, we're also cracking down on loopholes in the law that let people who are mostly at fault, who are breaking the law, get away with large payouts at everyone else's expense. We're retooling the state's fraud prevention and infrastructure so we don't have agencies working in silos. I want coordination. We've seen this in all areas of law enforcement, when we have any kind of challenge where it's retail theft or deescalation we had an auto theft a few years ago we worked together in a coordinated way, and the results have been borne out in a very positive way.

Also, for the first time, we're requiring insurers to offer discount programs for drivers who use dashcams. Let me explain why that makes a difference. Just recently for example, a driver on the beltway had a dashcam rolling when another driver intentionally slammed on the brakes to cause an accident. That footage is the reason they were able to catch that fraudster. We want to reward that kind of vigilance and put the brakes on scams before they happen. And just as important, when all these reforms will bring costs down, I want to make sure the savings go back to New Yorkers. Otherwise, there's no reason to do this. The savings must go back to New Yorkers. All this is toward making New York more affordable, so here we are today to celebrate our efforts here, reducing fraud, dealing with tort reform, which is very important to do this. But also, making sure that we're keeping our communities safe from crime, safe from these criminals and safe from literally being robbed what I call highway robbery is all these scams related to car insurance, and it has to stop, and it's going to stop this year with our efforts, unfolding right now in the Budget.

Older

REGIONALISM AT THE FEDERAL RESERVE: MANY VOICES, ONE PURPOSE

Newer

ST. LOUIS COUNTY FOSSIL COMPANY OPERATOR ACCUSED OF DISABILITY FRAUD

Advisor News

  • Help child-free clients plan for their later years
  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
  • Three estate planning ideas to protect your clients and their wealth
More Advisor News

Annuity News

  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity News

Health/Employee Benefits News

  • Study projects $4 billion Medicaid hit to hospitals
  • FRALICK'S RECORD: OPPOSING THE ACA AND FOOD ASSISTANCE PROTECTIONS, SUPPORTING TRUMP, AND NEVER TRYING A CRIMINAL CASE
  • New York approves small, individual insurance plan rate hikes for 2027
  • Findings on Heart Failure Detailed by Christine DeJong and Co-Authors (Medicare Accountable Care Organizations: Clinical Performance for Patients With Heart Failure): Heart Disorders and Diseases – Heart Failure
  • $4B at stake in Medicaid change
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • TDCI reminds consumers to focus on future during Life Insurance Awareness Month
  • TDCI reminds consumers to focus on the future during Life Insurance Awareness Month
  • AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
  • Understanding Nonequity Split-Dollar
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.