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Insurers find fault in 'No Fault'

Insurance industry leaders and trial lawyers dont often agree. However, reforming New York States no fault insurance law is something that both of them can get behind, though there is disagreement on how that exactly can happen.

By Joseph Jaafari | Updated on October 27, 2014
New York State's "No Fault Act" has insurance groups and trial lawyers at odds with what to do about fraud and wording of the law.

Insurance industry leaders and trial lawyers don’t often agree. However, reforming New York State’s no fault insurance law is something that both of them can get behind, though there is disagreement on how that exactly can happen.

The New York Comprehensive Automobile Insurance Act, otherwise known as the “No Fault Act,” was signed in 1973, a time when only 62% of U.S. adults had insurance and litigation for damages incurred in car accidents began clogging state courts.

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