New York Insurance

With rising costs for auto insurance, New York, moves toward the state’s most expensive in the country for reporting. But the legislation to cut one of the biggest expenses - fraudulent claims - is stalled in Albany; postponement of the Assembly of the State is just weeks away, and the rate increases at a compromise, even if the problem worse.

Dir George E. Pataki and other Republicans, Democrats at the beginning of the Regulatory Authority of insurance and insurance companies agree that the new laws are needed to plug the holes in the state no-fault auto insurance system, covering insurers, the first $ 50000 in medical bills injured in an accident, regardless of fault. But the different players throw another block to find a solution.

Some Democrats and consumer is in favour say insurers have not done enough to become familiar with fraud, and I just tried to pass on rising costs for drivers of vehicles while strengthening profits.

The Democrats say they see no sign a compromise on the part of Mr. Pataki, or Republicans in the legislature. ”There was no effort by the administration to share what parts of a package of legislative reforms,’’said Alexander B. Pete Grannis, the Manhattan Democrat and chairman of the Assembly Insurance Committee.

Some insurers and indicate that Republicans Democrats to block legislation aimed at resolving the problem, hoping that the rising cost of auto insurance is a question, they can against Mr. Pataki, is running, new elections this fall.

”He returned to politics,’’said Robert P. Hartwig, chief economist at the Insurance Information Institute, a trade group in Manhattan. The démocrates”contrôle of the Assembly and there is not much incentive for them to make life easier Pataki.”

Regarding the sharing of most pages Democrats’ desire for a consumer lawyer in the state, insurance and the freezing of service and require a rate reduction target.

Over the past year, several insurers, including Allstate, the company in New York, a price increase averaging 10 to 15 percent. Insurers are also refusing to insure drivers as likely to cost you money by filing an accident of law, policy, forces tens of thousands of drivers from the requirement to obtain repayment of much more expensive state-run pool of last resort.

Black and Hispanic lawmakers competent, that too much weight on these rejected for lack of coverage are in the minority. Insurers admit that most motorists in the pool come from the most densely populated regions of the country, but they say, its decisions concerning the coverage is colorblind.

Polls suggest policies, the subject is not a major concern for most New Yorkers. Indeed, some drivers, like Dr. Jonathan Epstein, an emergency specialist in Manhattan, seem to be the price increases with a shrugging of shoulders. ”If this is up, he said”,” there is very little I can do anything. I have a car and myself have insurance.”

But Abby Scala, an Account Executive at Kay Insurance Associates, one of the largest brokers of the automobile in urban areas and Home Insurance New York, said many other customers are beginning to rebel.

”My phone has not yet been in this business 25 years,’’she said. Almost all monde”est asked if the renewal of their communications, ask us around you buy for a better price.”

Most customers, she says, do not see auto insurance as a political problem, but. ”The debt of insurance companies,’’she said. It is pas”une time for reflection on the legislature or the governor.”

Equal above the Hudson River, prices in New Jersey were the highest in the country for several years and were a major factor gubernatorial during recent elections. The latest data from the National Association of Insurance Commissioners, an umbrella organization of state regulatory authorities, the average annual cost for insuring a car in New Jersey in 1034 to $ 1999, more than $ 91 in New York and $ 351 higher than national average.