On Wednesday, Governor Hochul advocated for her auto insurance deregulation agenda in Albany, supported by Big Tech. However, journalists were skeptical. Following Streetsblog’s previous report, reporters questioned Hochul about a lobbying campaign led by Uber-backed group Citizens for Affordable Rates.
Hochul argued that fraud is a major concern, but journalists in the Red Room asked why New Yorkers should trust her motives. The governor dismissed these concerns, claiming that New Yorkers broadly support her efforts.
The Uber-backed group has spent $8 million this year, while major insurance companies like Allstate, State Farm, Progressive, Travelers, and GEICO have spent an additional $95,000 on lobbying. These financial efforts have led Hochul to utilize state resources for social media videos, MTA support, and press conferences to promote her agenda.
Critics, including the New York State Trial Lawyers’ Association, have spent about $135,000 on lobbying. State legislators have raised doubts about Hochul’s plan, which could limit crash victims’ rights. Hochul believes her reforms could reduce car insurance premiums by $25 monthly.
As reported by Streetsblog, some lawmakers are now pushing for more transparency from insurers on rate increases. Crash victims are also criticizing Hochul for potentially limiting their rights to sue for damages.
Hochul warned legislators that they will need to justify their actions to voters. When asked about other cost-saving options like banning higher rates based on location or credit, the governor remained committed to her current strategy.
There are alternative methods to lower auto insurance costs without compromising victims’ rights, such as pay-per-mile insurance. Stay tuned to Streetsblog for updates on Hochul’s insurance policies.
In other news:
– NYPD will resume normal ticketing for cyclists following the end of a crackdown. – Mayor Mandani praised the end of criminal tickets for cyclists. – An Office of Community Safety has been established. – Subway ridership has increased due to congestion pricing. – Cybertrucks have caught on fire. – More one-hour Amazon deliveries are coming to NYC. – NYPD Commissioner admitted to misconduct with agency vehicles. – Transportation Alternatives’ Director calls for better street use during World Cup. – New details emerge about a hit-and-run in Queens. – Post reports on a crash involving two women hit by a cab on a sidewalk.
These headlines were compiled by Gersh Kuntzman.
