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Welcome, Guest · RSS 28.02.2024, 09:36
Main » 2009 » November » 10 » New York auto insurance claim payments rise to 55%
New York auto insurance claim payments rise to 55%
According to last researches, experts assert, that polyholders which live in New York, pay on 55 % more than usually they have got used.

The New York polyholders have noticed, that usual payments which they rally without errors and without delays, have raised on 55 %. Starting on second quarter of 2009, an estimated $8,748 increase per claim has been charged to auto insurance policy holders.

According to reports published by the Insurance Information Institute (I.I.I.), the increase this year has been too shocking and too much for the public to take. Rates have shot far up from where it was back in 2004, when average payments made for the no-fault system was $5,615 per claim.

Because of very sharp and suspicious growth in auto insurance premium payments, the National Insurance Crime Bureau, New York State Insurance Department’s Frauds Bureau, law enforcement agencies, and insurance industry members in New York.

Have made decision to make thorough and in-depth studies in this direction, they plan to give special attention to requirements suspicious, fraud-like and similar to swindle claims. Dr. Robert Hartwig, economist and incumbent I.I.I. President, also takes part in the investigation regarding this issue. Reports indicate that a recent statement released by Dr. Hartwig shows that certain ambiguities in New York’s no-fault system make it very much susceptible to scams and fraudulent activities. For today there was such situation, that very many corrupted doctors, lawyers, and the general street criminals easy наблюдають and allow to exist the roguish industry without what or problems.

According to reports, Dr. Hartwig mentioned some of his observations during the New York Insurance Association’s (NYIA) annual meeting in Latham, New York. Reports show that Dr. Hartwig implied that a majority, if not all, car insurance companies in New York have made an astonishing 55% increase in the usual cost of no-fault claims during less than 5 years duration.

For today, the sum of payment by consumers on insurance payments for requirements without errors in New York the second of the highest in the United States of America. It on 111 % above than the average sum of the United States of America.

Exhibiting to publicity of the above-stated problem about very big payment of the requirement without errors has caused the big negative reaction from the New York motorists. The most part of clients auto insurance companies make decision to finish policies and carry out transition to other car insurance agencies. The public in New York has remained aloof to car insurance companies and are very touchy when it comes to issues regarding fraud and scams in auto insurance claims. The public has lost its trust in the state’s no-fault claim system.

Some say that until official investigations conducted by New York authorities have shown any good results, the state of public perception regarding this issue will remain the same.

Let's hope, that the authorities and the public will manage to resolve shortly this situation in favour of the insured drivers.

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