NJ Panel Clears Info-Sharing Bill To Foil Insurance Fraud

Law360, New York (June 18, 2012, 9:22 PM EDT) -- A New Jersey Assembly panel on Monday advanced legislation to battle insurance fraud by enabling more information sharing between insurance carriers and law enforcement and generally beefing up the state's Insurance Fraud Prevention Action, lawmakers said.

Sponsors of the bill have framed it as a kind of consumer protection measure. Insurance fraud costs consumers an estimated $80 billion annually, according to   Democratic Assemblywoman Celeste Riley.

"We cannot stand idly by while this continues," Riley said in statement. "We need to take steps to toughen our...
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