"Car insurance reforms are one of, if not the most, critical parts of this year's (late) state budget negotiations as state lawmakers and the governor look for ways to make life affordable in New York."
"To Gov. Hochul, making that happen means making it incredibly difficult for crash victims to sue for various forms of damages, if not outright disqualifying them, and rooting out auto insurance fraud."
"According to The Washington Post, Florida's changes mostly helped insurance companies, the same ones that state lawmakers in New York say haven't been sharing any information on how they would lower rates."
Governor Hochul's push for car insurance reforms is a central issue in New York's state budget negotiations. The proposed changes could make it harder for crash victims to sue for damages and target auto insurance fraud, which some argue is overstated. Reports indicate that nearly 100,000 automated letters from Uber have been sent to lawmakers to counter lobbying efforts. Critics point out that similar reforms in Florida primarily benefited insurance companies, raising doubts about the effectiveness of Hochul's approach in lowering rates for New Yorkers.
Read at Streetsblog Empire State
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