NEW YORK’S Superintendent of Insurance yesterday won approval for a controversial method of fighting insurance fraud, as a Manhattan judge dismissed a suit to defeat new rules that will give accident victims and doctors less time to file no-fault insurance claims.
The rules, known as Regulation 68, would reduce from 90 days to 30 days the time injured motorists have to file claims, and from 180 days to 45 days the time doctors have to submit compensation claims. Those changes have been the subject of a two-year dispute between the Insurance Department and insurance companies on one hand, who say the current limits are a leading cause of fraud and rapidly increasing insurance premiums, and trial lawyers and doctors on the other hand, who contend the reductions are drastic and will shut out thousands of legitimate victims and their doctors.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
