N.Y. insurance reforms would free up $48M for better transit service, MTA says

MTA backs governor's pitch to reform auto insurance policies

Gov. Hochul is arguing that fraud and high payouts are making car insurance policies soar sky-high.

Claiming a better deal: Why MTA says Hochul’s auto insurance reforms will be boon for transit riders

MTA Chair and CEO Janno Lieber stood shoulder-to-shoulder with Gov. Kathy Hochul on Friday to tout her controversial proposal aimed at lowering auto insurance premiums as a boon for New York City's millions of subway and bus riders. The governor and the MTA boss, during a Friday news conference at the Mother Clara Hale Bus Depot in Harlem, both highlighted the agency's new finding that the measure will save it approximately $50 million that it s…

MTA Pushes Crash Insurance Reform to Stop Flimsy Claims on Transit Coffers

The head of the MTA said Friday that the transportation authority and its riders are being taken for a nearly $50 million ride each year as a result of questionable claims from so-called billboard lawyers who “seem to think the MTA is actually spelled ATM.” Chairperson and chief executive Janno Lieber pointed to a new analysis from the MTA that cites how Gov. Kathy Hochul’s proposal to cut auto insurance costs in New York State could keep the tr…

N.Y. insurance reforms would free up $48M for better transit service, MTA says

Gov. Kathy Hochul’s auto insurance reform plan would generate $48 million in annual savings for the Metropolitan Transportation Authority and another $25 million for transit agencies statewide, according to a new MTA analysis announced Friday.

MTA, Not ATM: Transit Chief Backs Hochul's Auto Insurance Reforms

NEW YORK -- The Metropolitan Transportation Authority said Friday that auto insurance changes that Gov. Kathy Hochul is seeking could save the agency nearly $50 million a year in car-crash litigation -- money that could help pay for better bus…