NU Online News Service, Nov. 5, 1:03 p.m. EST
The New York's no-fault auto insurance law needs reform because medical claim costs are soaring as big legal loopholes permit fraud, the Insurance Information Institute said.
According to an I.I.I. analysis, the state's auto insurers saw their typical no-fault medical care payment for accident victims' claims rise 56 percent to $8,748 per claim in the second quarter of 2009.
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