Superintendent of Insurance Neil D. Levin today announced that the number of criminal convictions in insurance fraud cases almost doubled in 1999 jumping from 101 in 1998 to 194 in 1999.
"The Departments efforts to protect New York State consumers from insurance fraud are working," Levin said. "The partnership between the Department and insurance companies have made the fraud fighting efforts more efficient and effective. We are committed to continuing this trend to eliminate insurance fraud in the coming year."
The Department's Annual Frauds Report shows that in 1999 there were a record 390 arrests for insurance fraud, this is a 41% increase over 1997 and a 240% increase since 1994. Also, in 1999 the Bureau approved fraud prevention plans for 420 insurers. The insurer prevention plans were in response to the Departments directive in 1998 requiring all insurers in the state that write a minimum number of specified policies to file a fraud prevention plan with the Department.
Other 1999 fraud fighting accomplishments include:
The report outlines the Department's fraud fighting plans for the upcoming year, such as expanding undercover operations and focusing on No-Fault auto insurance fraud. The Department will also be supporting legislation to increase criminal and civil penalties for those who commit insurance fraud.
A copy of the Insurance Frauds Bureau's report is available on the
Department's Web site www.ins.state.ny.us or by calling 1-800-342-3736 to request a