The New York Insurance Department reported today that there were 708 arrests in insurance fraud cases last year, up from 604 in 2006 for a 17 percent increase.
Insurance fraud schemes investigated by the department's Frauds Bureau along with local authorities also led to court-ordered restitution of $20 million stemming from convictions against 147 people in 2007, the agency said.
The report noted that this year the bureau established a Major Case Unit to focus on the investigation of systemic insurance fraud involving organized conspiracies with unit investigators handling complex cases involving no-fault, commercial rate evasion, health care fraud and workers' compensation premium fraud.
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