Governor Hochul and the DA said that by reducing staged‑crash fraud and 'jackpot payouts' the state expects insurers to lower premiums, estimating roughly a $300 reduction for consumers though officials cautioned results will take time to appear.

Governor Hochul told a Queens press conference the state has seen a steep rise in staged‑crash fraud, cited DFS totals and described a new cross‑agency task force, specialized training and a rebuilding of the insurance‑fraud bureau to pursue organizers and reduce premiums.