NEWS
Beware of car crashes staged for insurance scams, DMV warns
New York drivers lose hundreds of dollars every year from staged car crashes designed to scam insurance companies, according to the DMV…
With Uber Boost, Group Seeks Reforms to Lower New York’s High Insurance Costs
A new coalition with backing from Uber Technologies is launching a campaign to lower insurance costs for consumers and small businesses in New York State.…
New Coalition Launched to Battle New York’s Rising Insurance Costs
Homeowners are facing an insurance affordability crisis, squeezed by the triple threat of skyrocketing premiums, shrinking coverage, and vanishing options…
Uber Backs No-Fault Insurance Reform Efforts in New York
According to New York Post, Uber will fund efforts to promote lowering NYC TLC-specific $200,000 no-fault (PIP) insurance requirement, which is being blamed for widespread fraud and increased costs…
NEW COALITION LAUNCHES TO FIGHT SOARING INSURANCE COSTS IN NEW YORK
Today, a diverse coalition of concerned citizens, advocates, and organizations launched Citizens for Affordable Rates (CAR) to address the pressing issue of rising insurance premiums in New York State…
NEW COALITION LAUNCHES TO FIGHT SOARING INSURANCE COSTS IN NEW YORK
A diverse coalition of concerned citizens, advocates, and organizations launched Citizens for Affordable Rates (CAR) to address the pressing issue of rising insurance premiums in New York State…
Uber-led coalition to take on sky-high insurance costs for NYC cab, ride-share drivers
Citizens for Affordable Rates is particularly supporting city legislation that would reduce the minimum liability coverage taxi and ride-share drivers are required to carry…
Looming Insurance Crisis Threatens Taxis and Ubers in New York City
American Transit, the largest insurer of the city’s for-hire vehicles, is insolvent. Its collapse could create a crisis that would take thousands of cars out of service…
Home Insurance Rates Spike Nationwide: See Impacts In NY
Homeowners in New York faced a 6.4 percent increase in their property insurance premiums…
The Uncertain Life of New York City’s Immigrant Uber Drivers During the Pandemic
Half of drivers have dependents and 70% are the main wage earners in their households…
Can lowering insurance minimums help address a crisis for NYC taxi drivers?
In November, representatives from Gov. Kathy Hochul’s office and the state Department of Financial Services met with lawmakers and taxi, for-hire and livery industry officials at the governor’s Manhattan office to address a mounting insurance crisis…
Troubled New York Taxi Insurer Sues 180 Providers in Huge No-Fault Fraud Case
New York’s largest taxi insurer that is facing serious financial and regulatory challenges has filed a lawsuit seeking more than $450 million against medical providers it alleges have been part of a huge fraud scheme that takes advantage of the state’s no-fault insurance laws…
NYC remains a ‘judicial hellhole’ and Gov. Hochul must reform it — or step aside
New York City ranks No. 2 on the American Tort Reform Foundation’s annual list of “Judicial Hellholes” as excessive legal costs hit an eye-popping $89 billion a year…
NY’s bogus legal costs hit a staggering $89B, as NYC ranked second-worst ‘judicial hellhole’ in US: report
New York’s clogged and bloated legal system is costing taxpayers and companies a whopping $89 billion a year in excessive litigation expenses, according to a report released this week…
Man Charged With Staging Car Crash Shown in TikTok Dash Cam Video
A Brooklyn man who was shown in a popular TikTok dash cam video of a crash on a busy Queens highway was charged with insurance fraud, staging a motor vehicle accident, reckless endangerment and other crimes, prosecutors announced on Friday…
New York’s Legal Corruption Racket
These are boom times for trial lawyers and their financiers, not so much for the insurers they are raiding. The costs of litigation abuse are coming home in New York where the insurance market for taxi and ride-share drivers is collapsing amid a flood of fraudulent claims…
Opinion: NYC’s for-hire drivers are on the brink. Let’s give them a lifeline.
New York City is sleepwalking into a crisis that could cripple our transportation network and devastate the lives of thousands of for-hire drivers…
City weighs slashing cab insurance 75% to aid drivers
The New York City Council will introduce legislation this week that would drastically reduce the amount of insurance coverage taxi and ride-share vehicles are required to maintain, looking to contain potential fallout from the insolvency of the city’s largest taxi insurer…
Commentary: Ensure public pension plans aren't supporting predatory lenders
A shadowy industry is quietly infiltrating New York's civil justice system, preying upon vulnerable individuals and posing a significant threat to our financial security…
Why are New York car insurance rates so high? Here are a few reasons (opinion)
New York’s sky-high auto insurance rates. Averaging a staggering $4,769 annually, these rates are the highest in the nation and they are strangling commuters…