JSA2026 | Fixing New York’s Broken Insurance Market

Fixing New York’s Broken Insurance Market

Auto and homeowners insurance in New York is among the most expensive in the nation—crippling working families, small landlords, and responsible drivers. As governor, I will break the monopoly racket and deliver a fair, transparent, and accountable system that serves people, not corporations.

🔹 1. Ban Credit Scores in Pricing

Insurers are using credit scores to justify outrageous premiums. It’s discrimination in disguise. I will introduce legislation to ban or severely restrict the use of credit scores in setting insurance rates for both auto and homeowners policies.

🔹 2. Create a Public Option for Home & Auto Insurance

We will launch a nonprofit, state-backed insurance option called NYS Insurance Choice—designed to serve consumers in high-risk zones and underserved communities. No profit motive, no predatory underwriting.

🔹 3. Cap Administrative & Executive Overhead

We’ll put a ceiling on how much insurance companies can spend on bonuses, lobbying, and bureaucracy. Premiums should fund protection—not corporate bloat.

🔹 4. Require Transparent Justification for Rate Hikes

All proposed premium increases must come with a full public report of the actuarial data and loss history behind them. An independent consumer review board will approve or deny hikes.

🔹 5. Reform Assigned Risk Pool Abuse

Drivers dumped into the assigned risk pool deserve a fair appeal. We’ll create a system that lets New Yorkers challenge unfair insurer rejections with legal protection.

🔹 6. Overhaul No-Fault Auto Laws

New York’s no-fault rules are riddled with fraud. We’ll clean it up with stronger verification tools, AI-based fraud detection, and better oversight of medical claim thresholds.

🔹 7. Reward Risk Mitigation

Homeowners who invest in flood barriers, fireproofing, or storm hardening should be rewarded. I’ll back premium rebate programs for property owners who protect their homes.

📣 Campaign Message:

“In New York, you get punished for being poor and penalized for protecting your home. That ends when I take office. We’ll bring fairness back to your premiums—starting day one.”

Jason S. Arnold for Governor of New York 2026
🔗 https://jsa2026.com