STOP THE SCAMS: GOVERNOR HOCHUL ANNOUNCES PARTNERSHIP BETWEEN STATE POLICE AND DEPARTMENT OF FINANCIAL SERVICES TO CRACK DOWN ON INSURANCE FRAUD
The following information was released by the office of the Governor of
Part of Governor's Efforts To Combat the High Cost of
More than 51,000 Suspected Incidents of Insurance Fraud Reported to the
Governor's Proposal Would Create New Legal Liability For Criminals Orchestrating Staged Accidents, Dedicate State Resources and Staff at
Governor
"Public safety is my number one priority. That is why I'm cracking down on fraud and deceptive practices that put New Yorkers at risk and drive up costs. New training, developed in partnership between the
https://www.youtube.com/embed/wMaBagVIzto
Audio Photos
The symposium, slated for July at the
The program builds upon an established partnership between the
Under
This includes:
Taking on fraud in the system by creating new legal liability for criminals orchestrating staged accidents.
Reinvigorating the Motor Vehicle Theft and Insurance Fraud Prevention Board to improve its efficiency in promoting the investigation and prosecution of insurance fraud across the state.
Tasking DFS, NYSP, DMV, and DCJS and with a more proactive and coordinated approach to enforcement, including dedicated resources and staff at DFS and NYSP focused on auto insurance and ensuring coordination with law enforcement.
Ensuring those found at fault for an accident can't sue their victims for compensation.
Requiring insurers to offer mandatory discounts for dashcams that can help capture fraud as it's happening.
Increasing the time insurers have to report fraud from 30 to 60 days to provide more time to investigate claims and avoid paying fraudulent ones.
"Public safety is my number one priority. That is why I'm cracking down on fraud and deceptive practices that put New Yorkers at risk and drive up costs."
Governor
New Yorkers pay some of the highest car insurance rates in the nation more than
The
Embedded Flickr Album
Coalition Against Insurance Fraud Executive Director


ST. LOUIS COUNTY FOSSIL COMPANY OPERATOR ACCUSED OF DISABILITY FRAUD
Health care Nearly 250K at risk of losing insurance in OC
Advisor News
- Your client wants to cash out an annuity. Here’s what to consider
- How student loan debt impacts 401(k) balances
- The ‘sandwich generation’ faces compounded barriers to retirement savings
- Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
- Why client insurance needs could change even if their life doesn’t
More Advisor NewsAnnuity News
- AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
- OID recovers $260M in life insurance benefits
- NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
- SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
- Regulators urged to sharply limit hypothetical data in annuity illustrations
More Annuity NewsHealth/Employee Benefits News
Life Insurance News