Fitch Ratings argues proposals to crack down on PIP fraud in states like Florida, Michigan and New York could have a positive effect on costs for auto insurers and possibly bring down rates for policyholders.
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no-fault
Gov. Scott’s Jan. 10 State of the State kicked off a legislative session that might include action on some long-awaited insurance reforms.
A new report from the Insurance Research Council finds three states — New York, Florida and Michigan — driving growth in PIP insurance claims.
UVA Law School Professor Jeffrey O’Connell was a recent guest on our center’s weekly podcast, talking about what’s worked and what needs fixing in the no-fault auto insurance system he – along with Harvard Law Professor Robert Keeton – created in the mid-1960s. In 1965, Professors Robert Keeton and Jeffrey O’Connell published Basic Protection for [...]
Dennis Handley is an auto insurance fraud investigator in Michigan. For the most part, he is the insurance fraud investigator in Michigan—the other investigator is just part-time. Handley investigates “questionable claims”—insurance claims that do not seem entirely valid—for the National Insurance Crime Bureau. The NICB is a not-for-profit organization funded by property/casualty insurance companies, which, [...]
