Commercial Auto Industry is Bleeding Thanks to Rising Costs of Drivers, Rampant insurance Frauds & Regulatory Abuse. No Immediate Remedies to Heal the Wounds
New York City’s For-Hire Vehicles (FHV) industry is witnessing multifarious snags mainly due to the risingcosts of drivers, widespread insurance frauds, regulatory abuse, and imbalanced opportunity, impactingthe livelihood of taxi and ride-share drivers while putting the insurers’ Risk Management Solutions(RMS) strategies in dire peril.Presently, over 200,000 drivers operate around 1,000,000 rides each day in New […]