There's a group called the Trial Attorneys, Plaintiffs counsels, and they are politically a very powerful group, meaning they give a lot of money to politicians, and that's why that law has not been repealed or reformed. But The insurance liability is a major cost for construction, which then drives up the rent. Yes, it can be done. I think it should be done. But again, it's just pure politics. Yes. First of all, Governor Cuomo, it's so exciting to have you on the radio and I'm a huge fan. (06:24–06:31)
CLAIM
Asserts that insurance liability significantly increases construction costs, affecting rent prices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
