A recent report from the Insurance Information Institute (I.I.I.) highlighted the problems that the state of New York is currently facing as a result of fraud and abuse that is exploiting its no-fault auto insurance system. According to the I.I.I., the total bill for fraudulent claims and abuse of the no-fault system in New York [...]

A new set of rules have been released by the New York Insurance Department (NYID) that requires insurance agents and brokers to release information to their clients about how they are paid. This regulation will go into affect on January 1st next year. According to Insurance Journal, the Superintendent of NYID said in a statement [...]