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Florida offers test case for NY: Curbing lawsuits lowers insurance rates (Guest Opinion by Lauren Zelt)
Read more: Florida offers test case for NY: Curbing lawsuits lowers insurance rates (Guest Opinion by Lauren Zelt)Full story in Syracuse.com By Lauren Zelt New York’s auto insurance rates are sky high. Not “feels expensive.” Objectively expensive. Drivers pay just over $4,000 a year on average — roughly $1,500 more than the national average. That’s the price of participating in modern life in a state where driving isn’t optional outside of New York City.…
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Study: Lawsuits Fueling Missouri’s Rising Insurance Costs
Read more: Study: Lawsuits Fueling Missouri’s Rising Insurance CostsFull story in MissouriNet By Sue Danielson A study finds rising insurance premiums are costing the state of Missouri hundreds of millions of dollars in lost revenue. The Missouri Department of Commerce and Insurance study also finds the cost of large insurance settlement and courtroom awards cost Missouri residents over $1,200 between the years 2017 and 2022.…
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Gov. Hochul rallies support for auto insurance reforms targeting fraud and consumer costs
Read more: Gov. Hochul rallies support for auto insurance reforms targeting fraud and consumer costsFull story in CBS 6 Albany By Felix Day With New Yorkers paying some of the highest car insurance rates in the country, Gov. Hochul is pushing a package of reforms she says would lower costs for drivers while cracking down on staged crashes and other fraudulent claims. Gov. Hochul rallied with leaders and advocates…
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NYC cops, firefighters back Hochul plan to curb car-insurance fraud: ‘Make NY affordable’
Read more: NYC cops, firefighters back Hochul plan to curb car-insurance fraud: ‘Make NY affordable’Full story in the New York Post By Carl Campanile Law-enforcement unions including for New York City police and firefighters are backing Gov. Kathy Hochul’s plan to attack car-insurance fraud and rein in personal-injury lawsuits. Hochul’s reforms aim to put the brakes on soaring auto-insurance premiums as New Yorkers pay an average of $4,000 a year —…
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N.Y. insurance reforms would free up $48M for better transit service, MTA says
Read more: N.Y. insurance reforms would free up $48M for better transit service, MTA saysFull story on Sil Live Gov. Kathy Hochul’s auto insurance reform plan would generate $48 million in annual savings for the Metropolitan Transportation Authority and another $25 million for transit agencies statewide, according to a new MTA analysis announced Friday. The proposal aims to prevent transit agencies from paying large settlements in crashes where their…
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Gov. Hochul targets ‘jackpot settlements’ with auto insurance overhaul to save MTA millions
Read more: Gov. Hochul targets ‘jackpot settlements’ with auto insurance overhaul to save MTA millionsFull story on CBS 6 Albany Gov. Hochul announced a proposal to reform New York’s auto insurance laws that she says could save the Metropolitan Transportation Authority nearly $50 million each year. According to an MTA analysis released by the governor’s office, the proposed reforms could generate about $48 million in annual savings for the…
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DTLA law firm co-founder faces California State Bar charges for alleged out-of-state practice
Read more: DTLA law firm co-founder faces California State Bar charges for alleged out-of-state practiceFull story on LA Times The California State Bar has charged a founding partner of Downtown LA Law Group, a law firm at the center of a scandal that has embroiled Los Angeles County’s historic sex abuse settlement, with signing up dozens of clients in states where none of the firm’s lawyers were licensed to…
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Effort to increase personal-injury verdicts fails in Utah
Read more: Effort to increase personal-injury verdicts fails in UtahFull story on Legal Newsline Utah lawmakers will not give personal-injury lawyers new legislation that could have increased jury awards, deciding instead to keep things the way they are. Senate Bill 211 was marked “not passed” at the conclusion of the legislative session last week, despite calls from plaintiff lawyers for legislators to react to…
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AD WATCH: A group backed in part by Uber is launching a new TV ad to push for Hochul’s proposed changes to car insurance laws.
Read more: AD WATCH: A group backed in part by Uber is launching a new TV ad to push for Hochul’s proposed changes to car insurance laws.Full story in POLITICO AD WATCH: A group backed in part by Uber is launching a new TV ad to push for Hochul’s proposed changes to car insurance laws. The governor is pressing in state budget negotiations for legislation meant to reduce premiums by cracking down on fraud and large payouts in questionable crashes. The new ad from…
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How staged accidents are driving up your insurance costs
Read more: How staged accidents are driving up your insurance costsFull story in the Washington Examiner By Stephen Waguespack Imagine you are driving down the road one day, traffic humming along like a familiar episode of Seinfeld. Then, without warning, the car in front of you slams on its brakes. You barely have time to react before the car behind you plows into your bumper. Both drivers jump…