The economic downturn has an increasing number of New Yorkers looking for a quick solution to financial problems in the form of owner give-ups. The New York Alliance Against Insurance Fraud (NYAAIF) reports schemes involving everything from abandonment of vehicles to arson, leading them to investigate all suspicious claims more aggressively.
One New York City woman was arrested last year for insurance fraud after filing a claim for theft of her car, which was later found by police. The car had been damaged by fire, and authorities determined that the vehicle, which comes equipped with a system that only permits operation with a programmed key, was not forcibly entered, and there was no evidence that the systems had been defeated in an attempt to steal it.
The NYAAIF is working in cooperation with the Fraud Bureau and other law enforcement agencies to curb the costly criminal behavior.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
