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NYC Taxi & For-Hire Vehicle Insurance Crisis: Root Causes and Proposed Reforms

Coverage of NYC Taxi & For-Hire Vehicle Insurance Crisis: Root Causes and Proposed Reforms in the Nexus archive.

Earliest in view: Jul 22 · 17:00 UTCMost recent: Jul 22 · 17:00 UTC
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  • POLITICSJul 22 · 17:00 UTCAMNY
    Op-ed | New York led the way on insurance affordability; now it’s time to implement tort reform

    New York's transportation industry faces a severe auto insurance crisis with rising premiums driven by factors like medical inflation, litigation, and fraud. Reports by the University Transportation Research Center (UTRC) identified these issues and informed reforms, including New York City's 2025 reduction of Personal Injury Protection (PIP) coverage requirements for taxis and for-hire vehicles.

NYC Taxi & For-Hire Vehicle Insurance Crisis: Root Causes and Proposed Reforms · Dossier · The Nexus