It's clear that this is a massive national push by Uber and also industries associated with app-hire vehicles, and that's where by far the bulk of the money is coming from. The cascade of cash coincides with a near-daily onslaught of sponsored content in news outlets across the state, and video ads with professional actors giving testimonials boosting Hochul's efforts.
Part of the issue is the black box that is insurance. The state Department of Financial Services helps set rates for companies operating in New York, but on a granular level, companies use proprietary algorithms and metrics to set premiums.
She's put forward her proposal and we are as interested [as] anyone in making sure that we are not overcharged and subjected to fraud. So I believe we'll have a broader conversation. Yes, sir, [the governor should explain what promise there is insurance companies would actually lower their rates].
A survey of 1,004 registered voters conducted by Beacon Research found that 86% support Gov. Kathy Hochul's proposed reforms to the state's auto insurance system, a sweeping plan aimed at cracking down on fraud and easing what many drivers describe as crushing premiums. The number is so lopsided it barely looks real. But here's the kicker: it holds across Democrats, Republicans, and independents alike.
The governor's auto insurance agenda is going to make it worse, because it's going to weaken protections for injured people like myself, and it's giving insurance even more leverage to lowball people like me," George Edwards told Streetsblog.
