Filings on Department of Financial Services Website
Governor Andrew M. Cuomo today announced that rate increase requests from health insurers are now available on the Department of Financial Services' website, www.dfs.ny.gov. DFS has determined that all rate increase requests should be available so that the public could comment effectively, but health insurers initially objected. Then, led by United Healthcare, the insurers dropped their objections.
Middle class tax cuts that will reduce tax rates for millions of hardworking taxpayers and the two-percent property tax cap highlight new state laws that will go into effect on January 1, 2012.
The recently enacted tax cuts will reduce tax rates on middle class taxpayers to their lowest levels in more than 50 years (Chapter 55, L.2011). About 4.4 million middle class taxpayers will receive a total of $690 million in personal income tax relief.
The New York State Senate today passed three bills to combat auto insurance fraud, which costs New Yorkers more than $1 billion a year, as well as legislation that would impose stronger criminal penalties for staging auto accidents. Recent cases of auto insurance fraud have uncovered massive crime rings, including doctors, lawyers and scam artists who staged accidents and used New York's no-fault insurance program as their own giant state-sponsored, ATM machine.