S2 E25 The Proposed NY Fraud Act

Send us Fan MailOn this episode of the Deep Dive we’re breaking down a piece of proposed legislation that could mark a turning point in New York’s fight against staged accidents and fabricated injury claims — the FRAUD Act.As insurance premiums continue to climb, lawmakers are zeroing in on one of the most persistent cost drivers: organized construction site schemes and orchestrated motor vehicle collisions designed to exploit the system. The FRAUD Act would elevate intentional fabrication of these incidents to a Class E felony, impose restitution and civil penalties, and temporarily bar convicted individuals from collecting insurance benefits.But this bill goes beyond punishment. It signals a broader shift toward accountability — requiring greater cooperation between insurers and law enforcement and reinforcing that fraud is not a business strategy, it’s a crime.In this episode, we’ll examine what the legislation actually does, what it means for policyholders and employers, and whether it has the teeth to meaningfully impact New York’s liability landscape.Let's Dive In!Support the show