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.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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.