In the recent high-profile busts in New York and Florida—two states known for the most significant and costly proliferation of PIP fraud in the country—investigators successfully dismantled organized rings that siphoned close to $300 million (combined) from insurers.
Thirty-six people were indicted in the New York sting, which has been called the most extensive of its kind to date, while more than a dozen suspects, including a physician, were apprehended in the Florida bust.
Intricate schemes involving bogus clinics, staged accidents and a tangled web of cohorts have been surfacing with increasing frequency, illustrating the deep-reaching tentacles of crime rings that steal from P&C insurers with ruthless efficiency. But success stories of this magnitude also show that with the careful cooperation of insurers and various local, state, and federal agencies, P&C insurers can quell current fraud while deterring future scammers.
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