In response to the high incidence of insurance fraud following Super Storm Sandy, Assemblyman Ron Dancer will introduce legislation requiring the state to create a ”Most Wanted List” Internet webpage containing information on persons who are wanted in connection with insurance crimes.
“Insurance fraud is one of the most costly financial white collar crimes in the nation. To recoup their losses, insurance companies charge higher premiums leaving consumers to foot the bill,” said Dancer (R-Ocean). “Sadly, we saw a high number of insurance fraud crimes in New Jersey following Super Storm Sandy. It’s unconscionable that people would take advantage of victims of such a catastrophic event. Yet more than 100 individuals have been charged. This bill is an effort to help reduce such fraud by exposing these criminals.”
Other states, including Florida, Utah, and Washington, have already established most wanted Internet webpages to draw attention to insurance fraud investigations, generate leads, and educate the public about insurance fraud.
The bill requires the Department of Banking and Insurance to publish and maintain an Internet webpage containing information on a most wanted persons list for insurance crimes, including those related to Super Storm Sandy.