More About the Insurance Frauds Bureau
The Insurance Frauds Bureau was created by an act of the Legislature in 1981 as a law enforcement agency within the New York State Insurance Department. The law established the Bureau to effectively detect, investigate and prevent insurance fraud and to refer for prosecution those persons or groups who commit insurance fraud.
As part of the 2011-2012 budget, Governor Andrew M. Cuomo merged the New York State Insurance Department and the New York State Banking Department to create a new Department of Financial Services, effective October 3, 2011. Integrating these agencies under a single leadership and management structure allows for greater efficiency and helps to modernize regulatory oversight of the financial services industry in New York State.
The Bureau is headquartered in New York City, with six additional offices across the State: Mineola, Albany, Syracuse, Oneonta, Rochester and Buffalo. For contact information about the Bureau offices, please select this link.
Insurance Frauds Bureau investigators are designated as peace officers. This designation gives them the authority to carry firearms and make arrests. Investigators are seasoned professionals with years of experience in law enforcement and insurance and financial fraud investigation.
The Bureau consists of specialized units: Major Case/Organized/No-Fault/Fraudulent Auto ID Cards, General, Mortgage and Title, Arson, Auto, Workers’ Compensation, Medical and Upstate. The responsibilities of the Bureau’s units are described below.
Insurance Frauds Bureau Activities During 2014
The Insurance Frauds Bureau has been a longtime advocate of team building. Toward that end, collaborative alliances with the insurance industry and law enforcement agencies on the federal, state and local levels during 2014 resulted in successful investigations that netted 303 arrests and 684 convictions obtained by prosecutors in Insurance Frauds Bureau cases across the State. A key factor in building these alliances is to promote frequent and open communication among the team members. A strong, cohesive fraud-fighting partnership is essential in combating this serious, pervasive crime.
In addition, the Bureau is an active participant in numerous task forces and working groups designed to foster cooperation among the many agencies involved in fighting insurance and financial fraud. Participation provides the opportunity for joint investigations, information sharing, networking and honing investigative skills.For additional information about the Insurance Frauds Bureau’s activities and accomplishments, select these links to the Annual Financial Frauds and Consumer Protection Report 2014 and the Annual Health Care Fraud Report 2014.