PIA New York closes staged-accident fraud loophole after years of lobbying

The new statute covers those who orchestrate or invite others into staged schemes, not just those who participate - a gap PIANY had identified as a long-running enforcement problem

Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.

Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.