New York Sees Increase in Insurance Fraud Convictions
The number of insurance fraud arrests in New York was down very slightly in the first half of the year, but conviction are up, according to a newly updated fraud report by the state’s insurance department.
The New York Insurance Department said there were 323 arrests for insurance fraud in the first half of 2009, compared with 344 for the same period in 2008 and 388 in 2007.
The number of criminal convictions obtained by prosecutors in insurance fraud cases totaled 281 for the first six months of 2009, versus 160 for the first half of 2008 and 245 in 2007.
The number of reported insurance frauds is also up. Through the first of 2009, the Frauds Bureau received 12,961 reports of suspected. There were 11,260 in the same period last year and 11,549 in 2007.
Source: New York Insurance Department
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