Hochul's Car Insurance Reforms, Rich Tax Talks
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Governor Kathy Hochul proposes car insurance reforms to lower rates, backed by MTA and Uber, but criticized by trial lawyers. The plan targets fraudulent claims, caps payouts, and redefines serious injuries. Predicted savings could reach $200 per policy or $2 billion statewide. Hochul also considers taxes on the rich to address NYCs budget gap.
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