Insurance Crisis Looms for NYC Taxis: Marblegate in Negotiations with DFS

The New York City taxi industry is facing a significant insurance crisis, as Marblegate Asset Management is currently in discussions with the New York State Department of Financial Services (DFS) over the future of ATIC, a key player in the taxi insurance market. This situation arises as taxi operators grapple with soaring insurance premiums and an uncertain regulatory landscape that threatens the sustainability of their operations.

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