Your guide to NYC's public proceedings.
Q&A
Discussion on how lowering PIP requirements would combat insurance fraud
2:09:38
·
28 sec
Council Member Brooks-Powers inquires about how the proposed bill to lower PIP insurance requirements would combat fraud. The discussion focuses on the potential for nefarious actors to exploit higher coverage limits.
- Geoff Berman explains that higher coverage limits can attract fraudulent claims
- The council member asks for clarification on who the potential fraudulent actors might be
- Berman identifies alleged victims or their attorneys as potential sources of fraudulent claims
Selvena N. Brooks-Powers
2:09:38
How do you see this bill, combating fraud?
Geoff Berman
2:09:44
The way it's been explained to me is that when you have, coverage limits that are higher than needed, there's now a pot of money that, nefarious actors find alluring and try to go after.
2:09:58
As
Selvena N. Brooks-Powers
2:09:59
And who would those actors be?
2:10:00
Is it the driver or the the victim?
Geoff Berman
2:10:03
The the alleged victim or their attorneys.