Average auto injury claim costs in New York fell again in 2004for the third year in a row, the New York Alliance AgainstInsurance Fraud (NYAAIF) reported today, citing anti-fraud actionas the reason.

NYAAIF said an analysis by the Insurance Information Institute(I.I.I.) has found that:

oThe cost of no-fault personal auto accident injury (PIP) claimsis down 32 percent since 2000. Last year, NYAAIF said the decreasesince 2000 was 20 percent.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.