DFS requests NY taxi insurers to submit ‘actuarily justified’ rates by August
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DFS requests NY taxi insurers to submit ‘actuarily justified’ rates by August

Rates need to be fair but also should not be “destructive of competition”.

By Kyoung-son Song
June 13, 2025
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The New York Department of Financial Services (DFS) has requested taxi insurers to submit “adequate and actuarially justified rates” by August 1, 2025, in a latest move to improve the struggling market that came under fire after market leader...

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Topics

News Regulation Commercial auto Insurers Regionals North America
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