NU Online News Service, April 21, 3:13 p.m. EDT
EAST ELMHURST, N.Y.–No-fault auto accident insurance fraud in New York State last year amounted to a $229 million ripoff of insurers and policyholders, said Steve Weisbart, Insurance Information Institute vice president and chief economist.
The 2009 figure was a 17.3 percent increase over the previous year, part of a sharp increase in no-fault auto accident fraud activity the state has seen since the end of 2004, he told an anti-fraud gathering here today.
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