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NYC’s Taxi Mess Was Driven by Decades of Inaction and ‘Massive’ Fraud

Markets

Laura Nahmias, Alexandre Rajbhandari, Claire Ballentine, Natalie Lung

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December 31, 2024

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Bloomberg

Authorities are struggling to contain the damage from insurer ATIC’s insolvency. The company says it’s a victim of widespread fraud, but taxpayers, cab drivers and consumers risk footing the bill.

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