N.J. auto insurance has been hit with a massive fraud scandal, according to a new study.
The study from the state’s Office of Insurance Oversight (OIO) shows that in New York City, the company that insured the car, N.Y. AutoInsurance, was paid $1.5 million by the state in January 2017.
The fraudster, identified only as “H,” used a fake identity, used fake addresses, and stole thousands of dollars in state benefits, according the OIO report.
“It is a crime in New Mexico,” said Chris Johnson, executive director of the state Office of Insurers.
“They were trying to steal all of these benefits from New Jersey.”
The OIO has been investigating N.M. Auto Insurance since September 2017, when it learned that “H” had used an address in California that matched an address on the New Mexico state driver’s license.
In November, the Oio received a tip from a state employee about a suspicious activity that had occurred at the company, Johnson said.
The employee notified OIO.
“The Oio took it very seriously,” Johnson said of the investigation.
“We were trying our best to identify the fraudsters.
We have done a very thorough investigation, but it was not enough.”
The company is now being investigated for potential fraud and for potential liability for its employees, the report said.
“This company is an example of a company that is not only trying to hide its identity and the fraud they committed, but they also have done things that they didn’t know were illegal,” said OIO Commissioner Jim Loehmann.
The report also said that H may have made fraudulent claims for his own personal benefit and was “in charge of an employee who was unable to pay bills due to fraud.”
According to the OUI, the state employee “did not have any ability to pay her bills due” to fraud, the commission said.
Johnson said the investigation shows that “h” was a crook.
He should be in prison for his crimes. “
He is a crooks.
He should be in prison for his crimes.
He is a criminal.”
New Jersey has one of the lowest auto insurance rates in the country, according and the state does not offer unemployment insurance, which can be paid by the federal government.
The OIE has since started a statewide investigation into fraud and has contacted insurance companies, Johnson told ESPN.