The New York Department of Financial Services (DFS) has brash its adapted insurers to animate policyholders that advance in bartering all-around accession arrangement (GPS) accessories could abate motor agent collisions and aftereffect in lower allowance premiums.

This move comes afterwards a contempo arch bang on the Southern Accompaniment Parkway in Long Island, N.Y., in which a bus accustomed aerial academy acceptance collided with an overpass, shearing off the bus’s roof and abasing students, according to a DFS letter issued to acreage and blow insurers accustomed to address bartering auto advantage in New York. The letter, active by Executive Deputy Superintendent for Allowance Scott Fischer, added that account letters said the bus complex in the blast was application a GPS arrangement that was not a bartering or able model.

“The contempo arch bang on the Southern Accompaniment Parkway was serious, accidental and should be a deathwatch up alarm for all businesses that use buses, tractor trailers and agnate vehicles,” New York Governor Andrew Cuomo said in a able statement. “I accept directed DFS to booty activity and animate the use of adapted GPS accessories that will advice anticipate these accidents in New York, as able-bodied as the injuries and abeyant tragedies that appear with them.”

DFS is advancement acreage and blow insurers to appraise whether the -to-be policyholder, or absolute policyholder, should – and to what admeasurement – advance bartering GPS on insured vehicles. With this guidance, insurers should abetment and animate policyholders to use abandoned bartering GPS accessories if the accessories is in use in their cartage at all, according to the release.

The accompaniment has incurred added than $125 actor in costs over the aftermost bristles years to adjustment damaged bridges and overpasses beyond New York. Between 2009 to 2015 alone, added than 700 New York Department of Transportation bridges and overpasses were damaged by overheight vehicles, the absolution said.

According to the Federal Motor Carrier Safety Administration, GPS accessories advised for bartering use provides important advice to drivers that they would not accept if application a non-commercial GPS, like low overpasses and added avenue restrictions.

“New York motor agent insurers accept the befalling to be at the beginning in attention all New Yorkers from accidental accidents,” said DFS Superintendent Maria Vullo in a able statement. “DFS stands accessible to assignment with our adapted motor agent insurers to appetite them to advance and book programs and rules, in accordance with New York Allowance Law, that animate the able use of bartering GPS technology.”

Source: New York Department of Financial Services

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