In Albany, New York, Governor Kathy Hochul has announced that the State Department of Financial Services (DFS) has proposed a regulation amending the process for filing private passenger auto insuranc
Under the proposal, insurers would be required to receive express prior approval from DFS before any upward change to private passenger automobile rates. The governor's announcement said the enacted budget delivers reforms addressing factors that drive up auto insurance premiums, including insurance fraud and excessive litigation costs, and that the proposed regulation is a step in enacting those reforms.
A 60-day public comment period commences upon the proposed regulation's publication in the State Register. The law and regulation will take effect on November 27, 2026. The Department of Financial Services is led by Acting Superintendent Kaitlin Asrow. The proposed regulation text and comment instructions are published on the DFS website.
来源：纽约州州长办公室公告（州政府，经 Consumer News Network 转载州长办公室原文） https://www.theconsumernewsnetwork.com/article/940903882-governor-hochul-announces-new-regulation-proposed-by-the-department-of-financial-services-increasing-transparency-for-policyholders-in-the-auto
—-
Source: New York State Department of Financial Services
Published by GSM · USA (original Chinese edition)
Photo: 纽约州议会大厦（资料图）。（Wikimedia Commons）|The New York State Capitol (file photo). (Wikimedia Commons)
