Hochul’s State of the State Promises Crackdown on Auto Insurance Fraud

“New York State Trial Lawyers Association President Andrew Finkelstein commented on Gov. Kathy Hochul’s recent state address, saying her plan would only stand to stick New Yorkers with the bill, limiting the rights of injured residents and shifting the cost of medical care onto them “while insurance companies ride free.” He continued, “Car insurance premiums are too high, and the insurance industry’s playbook of fraud, delay, and denial must be stopped. The Governor’s proposals not only fail to address affordability for New Yorkers, they simply shift costs from Big Insurance to taxpayers. This address asks New Yorkers to believe that billion-dollar insurance companies will lower premiums if crash victims get less care. History shows the opposite. Insurers cut costs, pocket the savings, and premiums never go down.” The association president went on to call Hochul’s plans on car insurance “Nothing more than a Victim Tax.”