# NY: Nearly 600 Indicted for Fraud 

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After bilking an insurance company out of $48 million, law-enforcement officials announced on Tuesday, Aug. 12, that they had cracked an insurance-fraud ring that staged thousands of accidents.

According to a report in The New York Times, the ring employed its own network of doctors, psychiatrists, chiropractors, and fake medical clinics.

"NAMIC is pleased to see this ring brought down," said NAMIC‘s Director of State Affairs Neil Alldredge. "Insurance fraud costs all consumers and every effort should be made to implement creative ways to stop it." 

"This is a great example of how tough fraud laws can be beneficial," said Alldredge. "Additionally, the scope of this case illustrates how rampant and costly insurance fraud can truly be."

Sources:
- National Association of Mutual Insurance Companies (http://www.namic.org/topnews/030813st3.asp)