Some new changes to New York's no-fault automobile insurance laws could be brewing in Albany. Earlier this month, the state Senate agreed to a package of bills that may help protect drivers and insurance consumers from paying the price of a criminal who intentionally stages a car accident.
New York's no-fault insurance laws have made the state a haven for people making fraudulent insurance claims. New York is currently in the top five in the nation in fake auto insurance claims, with an estimated 36% of all insurance claims being fraudulent or exaggerated. This staggering number is bad news for honest drivers, who end up absorbing the cost of liability insurance to pay for fake or intentionally-caused injuries and losses.