Carlos Quiles says he was seriously injured in May 2022 when the Uber he was traveling in crashed into two parked cars in Queens — after the driver lost control of his Toyota while trying to clear a fly or some other obstruction from his windscreen. Quiles, who required surgery on his left shoulder, said he is still waiting for payments from American Transit Insurance Co., which underwrote the driver’s policy. His lawyer has been negotiating with the New York-based insurer for almost two yea...
A New Jersey man was sentenced to a decade in federal prison Monday for orchestrating one of the largest no-fault insurance scams in New York City history — including coaching doctors to lie under oath and bribing hospital workers for contact details of car crash victims. Bradley Pierre, 41, was also ordered to forfeit $3.5 million and fork over $1.5 million in restitution at his Manhattan Federal Court sentencing. The Closter, N.J., man was indicted alongside several others in January 2022, i...
“The company is working tirelessly to address a longstanding issue of statutory solvency amid rampant fraud and escalating costs,” the insurer said in a statement on Thursday. “We are working closely with industry participants towards a solution that does not unduly impact the broader market in an adverse manner. “ · Known as ATIC, the company posted more than $700 million in net losses in the second quarter, according to a filing with the National Association of Insurance Commissioner...
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fraudulent insurance claims have tripled since the pandemic, and it’s impacting the rising cost-of-living crisis throughout NYC. “Every contractor is affected because their rates go up...
Several affordable housing landlords are fighting back against skyrocketing insurance rates with a new strategy that they say will get costs under control and improve conditions for tenants: insuring themselves. The owners of a combined 80,000 apartments — all with regulated rents and government financing — launched an insurance collective last month after a series of dramatic spikes in the cost of property and liability insurance, which covers damages and lawsuit settlements. One of the collective's members, John Crotty, said the ever-incr ...
A major insurance company has pulled out of a deal to administer New York City’s new... Frank’s decision was the result of a lawsuit filed by the NYC Organization of Public Service...
Queens Councilwoman Vickie Paladino peddled the idea Monday that biking in New York City should be subject to licensing and insurance requirements — drawing backlash from safe-street advocates who flew off the handle in response to the logistically dubious proposal. Paladino, a Republican, floated the notion of regulations on two-wheel riding in response to a bike crash that happened in Prospect Park over the weekend. “If only cyclists were required to register, display plates, and carry lia...
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