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Insurance Fraud Uptick Expected In N.Y.

NEW YORK-- Fraud is expected to pick up in New York State as the economy worsens and as perpetrators adapt to fraud fighting efforts, state agency investigators said at the annual meeting of the New Yo

By Phil Gusman | Updated on November 17, 2008

NEW YORK– Fraud is expected to pick up in New York State as the economy worsens and as perpetrators adapt to fraud fighting efforts, state agency investigators said at the annual meeting of the New York Alliance Against Insurance Fraud.

Steve Nachman, deputy superintendent for Fraud and Consumer Services, New York State Insurance Department, said phony automobile theft claims through “owner give ups” have spiked by about 25-30 percent this year, likely due to the economy.

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