New York drivers could see lower premiums under a sweeping reform push, but critics say it’s far from guaranteed, according to NY1.
Gov. Kathy Hochul wants to curb lawsuits, tighten injury definitions, and crack down on fraud. Supporters argue current laws drive up costs, pointing to high payouts and frequent litigation as key reasons New Yorkers pay among the nation’s highest rates.
Opponents say the plan favors insurers and could limit compensation for crash victims. Lawmakers now want proof the changes will actually cut costs, as budget negotiations continue and key pieces of the proposal shift behind the scenes.
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