According to Mattew W. Daus, Esq., founder and chair of the Windels Marx Transportation Practice Group, “Governor Hochul launched this year’s budget season with a promise to ‘keep more money in New Yorkers’ pockets’ by tackling auto insurance reform. Car insurance rates are driven up by a combination of fraud, litigation, legal loopholes, and enforcement gaps, with staged crashes and associated insurance fraud inflating everyone’s premiums hundreds of dollars each year. There is a long list of reforms: Cracking down on staged car crash rings, prohibiting insurance companies from considering a person’s education level, homeownership status, or zip code when setting premiums, and making it more difficult for those responsible for an accident to recover excessive damages, particularly if they were breaking a law at the time.”
Source: Windels Marx
