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Topa Insurance was fined $2.1 million over an allegation that more than two dozen auto claims were mishandled.

Insurance fraud can cost U.S. consumers as much as $308.6 billion each year, according to a 2022 study by the Coalition Against Insurance Fraud.

Previous regulations required that risk retention groups be domiciled in New York State in order to write policies for not-for-profits.

Auto insurers are spending more on claims and other costs than all the dollars that they collected in premiums in 2022, J.D. Power reports.

'What I am suggesting is that we read the statute — and it could have been written better — to be sure,' Chief Justice Stuart Rabner said.

The defendants involved in the alleged scheme said the records were irrelevant and privileged, as the criminal charges were dismissed.

Since April, more than 500 felony charges have been filed and 132 vehicles, valued at $11.5 million, have been recovered.

The Chinese market saw 4.5M EVs sold through the first half of this year, nearly six times more than the U.S. market's total.