New York Insurance Superintendent Howard Mills is campaigning to toughen up the state's light insurance fraud penalties, sending a flurry of letters to legislators urging them to break their gridlock and tackle the problem.
Speaking at Orange County Chamber of Commerce in Newburgh, N.Y., yesterday, Mr. Mills railed against puny fraud penalties in the state. "The problem is that we really need to toughen the penalties for insurance fraud in New York State. The penalties for fraud on insurance are a joke," Mr. Mills said, a spokesman for the New York Insurance Department reported.
Spokesman Michael Barry said also that on June 15, Mr. Mills sent a letter to New York State legislators on this topic. In the letter, Mr. Mills said that as the scheduled end to the legislative session rapidly approaches, "I urge both houses to reach a compromise on several auto insurance fraud measures that will get tough on those who seek to exploit New York's no-fault law and further reduce automobile insurance rates for all New Yorkers."
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