How Hochul is standing up big-time for New York – Latest News
Good on Gov. Kathy Hochul for pushing to decrease New Yorkers’ sky-high car-insurance prices — and defying the ambulance chasers who money in on accidents (actual and faux) on the expense of everybody else.
Hochul goals to crack down on the “combination of fraud, litigation, legal loopholes, and enforcement gaps” that go away New Yorkers yearly paying “nearly $1,500 above the national average” for auto insurance coverage.
Among her reforms: Cap the payout for drivers who have been committing a crime (e.g., driving drunk) during an accident; prohibit drivers who have been mainly at fault from amassing damages; set “objective and fair medical standards” for what legally qualifies as a “serious injury” to forestall outsized payouts for minor scrapes and bruises.
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She’d additionally empower prosecutors to go after scammers — such because the legal rings that persuade determined “victims” to stage accidents, leading to actual, typically life-changing accidents.
Her reforms mirror the legal guidelines of many different (more sane) states, and would go a long method towards making New York much less of a “judicial hellhole,” the place litigation has develop into its own multibillion-dollar cottage industry that price New Yorkers an estimated $96.3 billion in 2024.
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So, of course, the slimy trial attorneys who feed massive off the Empire State’s bonkers legal responsibility legal guidelines are are squealing.
The state Trial Lawyers Association slammed Hochul for “weakening victim protections” and clamed “Big Insurance” gained’t do the “right thing” by decreasing charges when its prices drop.
Bull: The solely “victims” who need concern are these now milking the system; fraud, frivolous lawsuits and ludicrously giant payouts are the largest causes New Yorkers pay some of the nation’s highest auto-insurance charges.
A full and rousing three cheers for the gov for placing the pursuits of all different New Yorkers above the trial attorneys’ vile gravy practice.
