NU Online News Service, April 21, 3:22 p.m. EDT
EAST ELMHURST, N.Y.–The New York State insurance superintendent said, as part of an effort to address no-fault insurance fraud, he is supporting enactment of a measure requiring mandatory arbitration for no-fault claims under $5,000.
Superintendent James Wrynn, speaking today at the New York Insurance Association (NYIA), National Insurance Crime Bureau (NICB) New York Insurance Fraud Summit here, said there is not a proposed bill on mandatory arbitration yet, but that talks with legislators have been positive.
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