
Mayor Adams Signs Legislation to Reduce Insurance Costs and Increase Earnings for Taxi and For-Hire Vehicle Drivers
On July 1, 2025, Mayor Eric Adams signed Intro. 1050 into law, a key piece of legislation aimed at easing financial burdens on New York City’s Taxi and Limousine Commission (TLC)-licensed drivers. The bill limits the amount of personal injury protection insurance required by the TLC to no more than 200 percent of the state-mandated…