Its now official: Brooklyn is the most expensive for car insurance - GoFuckYourself.com

EscortBiz · 10-20-2004, 05:39 AM

http://www.nypost.com/news/regionalnews/30732.htm

Scams by criminal syndicates are jacking auto-insurance rates in Brooklyn to the highest in the country and costing consumers millions of dollars, according to a new report.

The crime rings approach accident victims ? and sometimes even stage crashes ? to claim injuries that are corroborated by bogus medical clinics, the report's authors said yesterday. In fact, the report asserts that $500 million of the state's annual $1.4 billion in bogus claims are initiated in Brooklyn.

"It's a massive problem," said Assemblyman Jim Brennan (D-Brooklyn), who served on the task force that wrote the study. "As much as 40 percent of your premium is paid out in fraudulent claims."

The report, titled "Putting the Brakes on Out of Control Rates," was put together by a panel assembled by Brooklyn Borough President Marty Markowitz, to find out why Brooklyn's auto-insurance rates are the highest in the country.

"The auto-insurance industry is in crisis," Markowitz said.

Brooklyn residents can pay $4,092 with State Farm, while the same policy would cost just $1,161 elsewhere in the state, the study said. And the single biggest reason for the lofty cost in Brooklyn is insurance fraud, the lawmakers argued.

The scams take advantage of New York state's no-fault law, which can pay out up to $50,000 in injuries and lost wages to someone involved in an auto accident, regardless of who is at fault.

CyberBachelor · 10-20-2004, 05:52 AM

that's crazy! glad I don't live in Brooklyn

kelly · 10-20-2004, 06:04 AM

To add me to my partners insurance for our Mercedes costs me a whopping £12 per YEAR

REGRET · 10-20-2004, 06:42 AM

"The auto-insurance industry is in crisis," Markowitz said.

Somehow i seriously doubt this.

FrankWhite · 10-20-2004, 06:46 AM

i love brooklyn

but i still get my insurance in staten island

EscortBiz · 10-20-2004, 06:50 AM

Quote:

Originally posted by Doomed
i love brooklyn

but i still get my insurance in staten island

ive been seeing tons of florida plates here

TurboAngel · 10-20-2004, 06:54 AM

Quote:

Originally posted by EscortBiz
ive been seeing tons of florida plates here

Come down to NC and insurance is cheap, I pay $400 a year. Come down for the weekend and we'll get you set up.

TurboAngel · 10-20-2004, 07:44 AM

Well............you going to come down so we can get you on the NC plan?

10-20-2004, 05:39 AM	#1
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	Its now official: Brooklyn is the most expensive for car insurance http://www.nypost.com/news/regionalnews/30732.htm Scams by criminal syndicates are jacking auto-insurance rates in Brooklyn to the highest in the country and costing consumers millions of dollars, according to a new report. The crime rings approach accident victims ? and sometimes even stage crashes ? to claim injuries that are corroborated by bogus medical clinics, the report's authors said yesterday. In fact, the report asserts that $500 million of the state's annual $1.4 billion in bogus claims are initiated in Brooklyn. "It's a massive problem," said Assemblyman Jim Brennan (D-Brooklyn), who served on the task force that wrote the study. "As much as 40 percent of your premium is paid out in fraudulent claims." The report, titled "Putting the Brakes on Out of Control Rates," was put together by a panel assembled by Brooklyn Borough President Marty Markowitz, to find out why Brooklyn's auto-insurance rates are the highest in the country. "The auto-insurance industry is in crisis," Markowitz said. Brooklyn residents can pay $4,092 with State Farm, while the same policy would cost just $1,161 elsewhere in the state, the study said. And the single biggest reason for the lofty cost in Brooklyn is insurance fraud, the lawmakers argued. The scams take advantage of New York state's no-fault law, which can pay out up to $50,000 in injuries and lost wages to someone involved in an auto accident, regardless of who is at fault. __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

10-20-2004, 05:52 AM	#2
CyberBachelor Confirmed User Join Date: Jun 2003 Posts: 2,682	that's crazy! glad I don't live in Brooklyn __________________ .....................................

10-20-2004, 06:04 AM	#3
kelly Confirmed User Join Date: Jul 2002 Location: UK Posts: 901	To add me to my partners insurance for our Mercedes costs me a whopping £12 per YEAR __________________ http://www.thehungersite.com

10-20-2004, 06:42 AM	#4
REGRET Confirmed User Join Date: Apr 2003 Posts: 134	"The auto-insurance industry is in crisis," Markowitz said. Somehow i seriously doubt this.

10-20-2004, 06:46 AM	#5
FrankWhite Confirmed User Join Date: Nov 2002 Location: nyc Posts: 3,540	i love brooklyn but i still get my insurance in staten island

10-20-2004, 07:44 AM	#8
TurboAngel H.B.I.C. Industry Role: Join Date: Jun 2003 Location: NC Posts: 30,122	Well............you going to come down so we can get you on the NC plan?