NYC’s Taxi Mess Was Driven by Decades of Inaction and ‘Massive’ Fraud

American Transit Insurance Co. liked to put on a show.

When ride-sharing companies were capturing bigger slices of the New York market, Uber executives were given box seats costing thousands of dollars to watch NBA games at Barclays Center. A few years prior, ATIC’s 40th anniversary celebration at the New York Athletic Club featured remarks by a state senator and a three-tier cake decorated with the city’s skyline and a sculpted taxicab.

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