Hochul’s Auto Insurance Plan Would Curb New York’s High Rates

New York Gov. Kathy Hochul’s proposal to cut auto insurance rates and make the state more affordable starts from a simple premise: If fraud and legal abuse are driving costs, the incentives need to change.

New Yorkers pay among the highest auto insurance premiums in the country. That’s not because they’re worse drivers. It’s because New York has built a system where fraud and lawsuit abuse are profitable, and the costs are passed directly to everyday drivers. Read more…