"I don't think there is anyone in the legislature or anyone in the state of New York who doesn't want us to go after insurance fraud. But we also don't want people's civil rights to be taken away from them through the court system when something bad happens."
"When you also talk about insurance fraud ... how many of us have been advised [to not file a claim] if it's not that big a claim ... because our rates will go up - suggesting that what's really going on is the opposite of fraud."
"Gov. Hochul has made reducing auto insurance premiums a marquee issue in her executive budget proposal. She blames fraud and large payouts as the driver of high rates, and proposed increased penalties for auto insurance fraud, like staged crashes, and stripping away protections for crash victims via a mix of capped payouts, reduced coverage and reduced liability as solutions."
Governor Hochul proposed reducing New York auto insurance premiums by addressing fraud and large payouts through increased penalties and reduced protections for crash victims. However, state lawmakers, including Senate Finance Chair Liz Krueger, challenge the premise that fraud significantly impacts rates. Krueger cited her own experience of rising premiums despite never filing claims, questioning the administration's fraud narrative. She emphasized concerns about protecting citizens' civil rights through the court system. The Hochul administration provided minimal data supporting its claims, citing fewer than 2,000 staged crashes annually in a state with approximately 400,000 crashes yearly. Senate committees have begun questioning the administration's approach and evidence.
Read at Streetsblog
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