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Kathy Hochul: “We also regulate the insurance industry and we're looking at…”

Featuring: Kathy Hochul, Democratic | Governor of New York

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Governor Hochul Announces Partnership Between State Police and DFS to Crack Down on Insurance Fraud

Published | Video Starts at 07:30

So you know, given that, that kind of a mixed bag, it seems like how are you convincing longexity costs down and there's not been that many cases because We also regulate the insurance industry and we're looking at the excessive profits law and there are caps on what insurance companies can earn. so their costs will go down. And we'll be monitoring the fact that these policies, cutting down on the fraud, changing the tort laws, where people who are literally can … (07:30–07:38)

CLAIM

Asserts that New York regulates the insurance industry with caps on profits.

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