Author: newyork-news

Gov. Kathy Hochul‘s proposed auto insurance reforms, now in budget negotiations that remain unresolved more than five weeks past the April 1 deadline, are framed as a targeted solution to insurance fraud driven by an aggressive plaintiff’s bar. The narrative being promoted is: reduce down on bad-faith claims and convey down auto insurance coverage premiums for New Yorkers. The fact is much extra troubling. New York follows a pure comparative negligence normal, that means an injured one that bears some share of accountability for an accident can nonetheless get well damages proportional to the opposite occasion’s fault. What this implies…

Since his inauguration, Mayor Mamdani has pursued an financial agenda centered on justice and affordability. As former leaders of two of New York’s most essential financial improvement businesses, we view this as a worthwhile start line. Little doubt, too many New Yorkers should navigate excessive housing and childcare prices, dwelling paycheck to paycheck. A extra reasonably priced metropolis is actually a purpose to which we subscribe. However, if we give attention to this to the exclusion of financial progress and job creation, the purpose will show illusory. As one economist put it, “It’s a lot easier to deal with inequality…