NY TRUCKING AND BUSING LEADERS JOIN FORCES TO SUPPORT GOV. HOCHUL’S PLAN TO LOWER AUTO INSURANCE RATES
TANY and Coach USA Warn Auto Insurance Crisis Threatens NY’s Transportation System
NEW YORK – In a new opinion piece published today in amNY, leaders from New York’s trucking and motorcoach industries (Dan Rodriguez of Coach USA and Zach Miller of the Trucking Association of New York) voice strong support for Governor Kathy Hochul’s plan to lower auto insurance costs and warn that runaway premiums are driving up prices for families, squeezing transportation providers, and threatening the state’s economic backbone.
ON THE PROBLEM:
For millions of families and small businesses, it has become a ‘hidden tax’ on daily life and economic mobility. Today, the average driver in New York pays well over $4,000 a year for full coverage, nearly 40 percent higher than the national average.
ON THE IMPACT:
Trucking and motorcoach transportation – the backbone of commerce, tourism, and regional connectivity – are being squeezed to the breaking point. Over the past five years, commercial auto insurance premiums have surged by more than 300 percent, while coverage levels have been sharply reduced.
ON THE SOLUTION:
New York should establish permanent enforcement units focused on organized insurance fraud. Penalties must be strengthened for those who orchestrate and profit from fraudulent schemes, including shady medical providers and law firms that enable them.
ON WHAT COMES NEXT:
Governor Hochul has put forward a plan to address this growing problem. Now the Legislature must step up, work with the administration, and deliver the relief New Yorkers urgently need.
The full piece is available here.