NU Online News Service, Jan.8, 3:29 p.m. EST
Insurance Information Institute President Robert P. Hartwig has reported on a variety of insurer reform proposals to halt the spiraling costs of New York's no-fault auto insurance claims.
In a 24-page report that noted the average cost of a personal injury protection (PIP) claim has soared by 55 percent in the last five years, Mr. Hartwig mentioned recommendations for adoption of a streamlined process for adjudicating claims, revised burden-of-proof requirements, mandated arbitration, medical treatment protocol guidelines, and tougher fraud penalties.
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