Market Share of New York Auto Insurance Claim Denials
Medical providers in New York who provide services to individuals injured in auto accidents often have their claims denied by insurance companies, either in part or in full. These denied claims frequently go to arbitration, and if not settled, result in an award. Hundreds of thousands of cases are filed in the New York no-fault arbitration forum every year.
These graphs display the number of arbitration awards involving the larger insurance companies. Note that this graph may not accurately represent the market share of the different carriers in the New York auto insurance market since denial rates are not uniform. Additionally, the numbers may be influenced by variations in the tendency to settle claims before they reach the arbitration stage. Despite these limitations and others, this graph may still provide an approximation of business trends.