The following information was released by the office of the Governor of
Hochul: “As we’re cracking down on these fraudulent claims, we’re also cracking down on loopholes in the law that let people who are mostly at fault, who are breaking the law, get away with large payouts at everyone else’s expense. We’re retooling the state’s fraud prevention and infrastructure so we don’t have agencies working in silos. I want coordination. We’ve seen this in all areas of law enforcement, when we have any kind of challenge where it’s retail theft or deescalation we had an auto theft a few years ago we worked together in a coordinated way, and the results have been borne out in a very positive way.”
Earlier today, Governor
B-ROLL of the Governor touring the International Auto Show can be found on YouTube and in TV quality (h.264, mp4) format.
VIDEO: The event is available to stream on YouTube here and TV quality video is available here (h.264, mp4).
AUDIO: The Governor’s remarks are available in audio form here.
PHOTOS: The Governor’s Flickr page will post photos of the event here.
A rush transcript of the Governor’s remarks is available below:
Good afternoon, everyone. Really happy to be at the nation’s largest auto show, 126 years, and at the Javits Center since the 1980s. It’s a great place for people to come, but also to showcase the incredible industry behind these vehicles the manufacturers, the new engines. I looked at some engines that were made up in Buffalo, not far from my hometown, made probably by my neighbors. But also, to talk about the dealers and the influence that they have and the 68,000 people they employ, so I was happy to take a little break from the action in
I want to acknowledge our Superintendent of Police,
But I want to talk about a couple of issues that I think are particularly important to the people who either own vehicles or are looking to buy vehicles. And I had a chance to see a lot of innovation, new ideas, electric vehicles, hybrid vehicles, which really are the wave of the future, given the challenges we’re facing globally with the high cost of gasoline going up exponentially, up a dollar just in the last month because of geopolitical challenges, which are always going to be unpredictable. So we’re here to promote our electric vehicle campaign as well, and talk about the charging stations we’re unfolding across the state, but what we also want to talk about is the fact that New Yorkers are paying the highest car insurance in the nation over
And what happens to those costs? They get passed down to the motorists, the people walking through these doors. Last year alone, the
Today, I’m pleased to announce a new partnership between DFS and the
Also, in my next Budget, this Budget we’re working on right now, I have a series of reforms, and I want to go after the ringleaders. I want to increase penalties, lower the thresholds for what counts as criminal fraud, so prosecutors don’t have an impossible bar to hurdle in order to make a case.
As we’re cracking down on these fraudulent claims, we’re also cracking down on loopholes in the law that let people who are mostly at fault, who are breaking the law, get away with large payouts at everyone else’s expense. We’re retooling the state’s fraud prevention and infrastructure so we don’t have agencies working in silos. I want coordination. We’ve seen this in all areas of law enforcement, when we have any kind of challenge where it’s retail theft or deescalation we had an auto theft a few years ago we worked together in a coordinated way, and the results have been borne out in a very positive way.
Also, for the first time, we’re requiring insurers to offer discount programs for drivers who use dashcams. Let me explain why that makes a difference. Just recently for example, a driver on the beltway had a dashcam rolling when another driver intentionally slammed on the brakes to cause an accident. That footage is the reason they were able to catch that fraudster. We want to reward that kind of vigilance and put the brakes on scams before they happen. And just as important, when all these reforms will bring costs down, I want to make sure the savings go back to New Yorkers. Otherwise, there’s no reason to do this. The savings must go back to New Yorkers. All this is toward making

Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.

