NYC Taxpayers Paid More Than $500 Million to Settle Crash Claims Involving City Vehicles bloomberg.com Submitted by TinyTornado7 t3_1117rj4 on February 13, 2023 at 1:05 PM in nyc 9 comments 103
doodle77 t1_j8d9u17 wrote on February 13, 2023 at 1:34 PM $1700/vehicle/year sounds only a little high for commercial car insurance, though it doesn't include the Law Department's costs. Permalink 9 froginbog t1_j8drc4l wrote on February 13, 2023 at 3:46 PM Isn’t this just liability? Ie not including insurance Permalink Parent 2 doodle77 t1_j8e384v wrote on February 13, 2023 at 5:07 PM The city is self-insured. Permalink Parent 8 oreosfly t1_j8gogh4 wrote on February 14, 2023 at 4:04 AM The city sets aside its own funds to pay out claims. It is usually cheaper for large companies and organizations to self insure than it is to buy private policies. Permalink Parent 1
froginbog t1_j8drc4l wrote on February 13, 2023 at 3:46 PM Isn’t this just liability? Ie not including insurance Permalink Parent 2 doodle77 t1_j8e384v wrote on February 13, 2023 at 5:07 PM The city is self-insured. Permalink Parent 8 oreosfly t1_j8gogh4 wrote on February 14, 2023 at 4:04 AM The city sets aside its own funds to pay out claims. It is usually cheaper for large companies and organizations to self insure than it is to buy private policies. Permalink Parent 1
doodle77 t1_j8e384v wrote on February 13, 2023 at 5:07 PM The city is self-insured. Permalink Parent 8
oreosfly t1_j8gogh4 wrote on February 14, 2023 at 4:04 AM The city sets aside its own funds to pay out claims. It is usually cheaper for large companies and organizations to self insure than it is to buy private policies. Permalink Parent 1
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