{"id":71607,"date":"2025-12-15T22:36:08","date_gmt":"2025-12-15T22:36:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/71607\/"},"modified":"2025-12-15T22:36:08","modified_gmt":"2025-12-15T22:36:08","slug":"new-york-says-cab-rideshare-insurance-rates-likely-to-rise-25","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/71607\/","title":{"rendered":"New York Says Cab, Rideshare Insurance Rates Likely to Rise 25%"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">New York officials have told rideshare companies, driver representatives and others in the for-hire vehicle industry that insurance policy rates will rise by an average 25% over the next three years, according to people with knowledge of the state\u2019s plans, likely sending passenger fares up as a result.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">The state has asked carriers to reset \u2014 essentially raise \u2014 their fees to actuarially justified levels as they work to stabilize the industry, which has been reeling from the insolvency of its largest provider, <a href=\"https:\/\/www.bloomberg.com\/quote\/10587Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">American Transit Insurance Co.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"New York officials have told rideshare companies, driver representatives and others in the for-hire vehicle industry that insurance&hellip;\n","protected":false},"author":2,"featured_media":71608,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[36532,3339,5869,609,6079,36533,10231,9,11,10,1413,5913,282,35208],"class_list":{"0":"post-71607","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-american-transit-insurance-c","9":"tag-cities","10":"tag-citylab","11":"tag-government","12":"tag-inflation","13":"tag-josh-gold","14":"tag-law-firms","15":"tag-new-york","16":"tag-new-york-headlines","17":"tag-new-york-news","18":"tag-policy","19":"tag-regulation","20":"tag-technology","21":"tag-uber-technologies-inc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/71607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=71607"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/71607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/71608"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=71607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=71607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=71607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}