NY Governor, MTA Push Plan to Cut Car Insurance Rates
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York Governor Kathy Hochul and MTA Chair Janno Lieber propose a plan to save the MTA $50 million annually on personal injury insurance payouts, aiming to lower car insurance rates by cracking down on large lawsuit settlements. The proposal would bar payouts to those more than 50% responsible, potentially funding better buses and subways. However, safe streets advocates warn the changes could narrow what counts as serious injuries and shift costs onto victims. Lawmakers left the idea out of their budget plans, with a key deadline looming.
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