New York Insurance Law § 5102, along with the corresponding no-fault regulations, mandates that automobile insurance carriers must offer a minimum coverage of $50,000 for "first-party benefits" to cover "basic economic loss" resulting from personal injury arising from motor vehicle use. This eliminates the need for claimants to file … [Read more...] about Cracking Down on Insurance Fraud: Proposed Legislation Aims to Target ‘Runners’