Op-Ed | The Hidden Cost of Doing Business in NYC: Auto Insurance Is Driving Us Out | amNewYork
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Op-Ed | The Hidden Cost of Doing Business in NYC: Auto Insurance Is Driving Us Out | amNewYork
"Coming to New York from Korea in 1980 meant chasing one simple dream to build something of my own. Like so many immigrants, our belief was that with hard work, fairness, and a commitment to community, a better life could be achievable in America. More than four decades later, that dream still lives on Roosevelt Avenue in Jackson Heights. My shop, Four Seasons Uniform, has outfitted thousands of New Yorkers nurses from Elmhurst Hospital, restaurant workers, custodians, and home health aides."
"When auto insurance premiums skyrocket, every one of these functions becomes more expensive and the ripple effect reaches everyone. In just a few years, car insurance costs have exploded. What used to cost a few thousand dollars now runs into the tens of thousands and that's if coverage can even be found. Some business owners have been dropped by insurers without warning, forced into the costly surplus market just to keep their vehicles on the road."
A Korean immigrant opened Four Seasons Uniform on Roosevelt Avenue in Jackson Heights in 1980 and supplied uniforms to nurses, restaurant workers, custodians, and home health aides. Jackson Heights operates as an entry point for newcomers pursuing the American Dream. Auto insurance premiums have surged in recent years, raising costs from a few thousand dollars to tens of thousands and reducing coverage availability. Many businesses have been dropped by insurers and pushed into the costly surplus market. Fraudulent injury claims and staged crashes exploit an outdated legal system, increasing operating costs and raising prices across Queens.
Read at www.amny.com
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