GOVERNOR HOCHUL JOINS VOLUNTEER FIREFIGHTERS TO HIGHLIGHT HER AUTO INSURANCE PROPOSALS
The following information was released by the office of the Governor of
Reforms Will Lower Costs by Fighting Fraud, Limiting Damages Paid Out to Bad Actors and Ensuring Drivers, Not Insurance Companies, Are Prioritized
These Measures Build Upon Efforts To Make New York State More Affordable and Put Money Back Into Pockets of Hardworking New Yorkers
Governor
"For most New Yorkers, having a car isn't a luxury it's a necessity to get to and from work, school and run daily errands,"
New Yorkers pay some of the highest car insurance rates in the nation totaling an average of slightly more than
https://www.youtube.com/embed/DZP5ni9UWFQ
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Cracking Down on Fraud To
Increasingly sophisticated actors stage elaborate accidents, designed to result in "jackpot" payouts from insurance companies or jury awards, and these scams are becoming more prevalent. In 2023, there were 1,729 staged crashes in
To combat these organized criminal efforts,
Reinvigorating the State's Motor Vehicle Theft and Insurance Fraud Prevention Board, empowering it to better support the ability to investigate and prosecute insurance fraud across the state
Legislation to ensure prosecutors can seek criminal penalties against any individual responsible for organizing a staged accident, not just the particular individual behind the wheel
Partnering with District Attorneys across
Strengthening efforts to take on medical providers who participate in fraud by signing off on phony medical diagnoses that result in enormous payouts
- - Taking action when
"It is time we crack down on the bad actors and drive down costs for New Yorkers across the state."
Strengthening Insurer Anti-Fraud Programs
Current law handcuffs insurers' ability to protect their law-abiding customers against fraud and abuse by capping the time they have to identify and report instances of fraud to just 30 days. To ensure fraud is being identified and punished,
Limiting Damages for Individuals Engaging in Unlawful Behavior at the Time of an Accident
When drivers are engaging in unlawful behavior at the time of an incident, they shouldn't be able to win sizable insurance payouts. However, current law permits individuals committing crimes, including impaired driving, to receive generous payouts for non-economic damages, such as pain and suffering and emotional distress, which are paid from the premiums contributed by law-abiding drivers.
Limiting Damages for Individuals Who Are "Mostly" At Fault in Causing an Accident
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Tightening the Serious Injury Threshold
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