NY Tort Reform: Lower Rates, Smaller Lawsuits? | JTNY
Posted August 17, 2026
New York’s 2026 tort reform took effect on May 26 for actions and proceedings commenced on or after that date. DFS also required insurers with pending auto rate filings to reflect projected savings from the reforms and amend filings by August 31, 2026 using a new Exhibit TR-1. A separate change on November 27, 2026 will bar nonbusiness auto carriers from taking an overall average increase of up to 5% without prior approval.
This is an AI-written summary of reporting published elsewhere. Read the original: jtnylaw.com