Hochul Demands Insurance Transparency | Albany News

Albany News Today | 2 Min News | The Daily News Now! · Jul 2, 2026 · 1m

Governor Hochul is cracking down on auto insurers in New York, demanding they prove how new laws are cutting costs — not just for fraudsters, but for everyday drivers too. With strict deadlines and mandatory filings by August 31, insurers must show exactly how reforms like tackling staged accidents and fairer damage calculations translate into lower premiums. While some feared the changes might hurt accident victims or fail to deliver savings, insurers largely back the crackdown. The state’s Department of Financial Services will scrutinize every submission — no loopholes allowed — ensuring…