A spike in insurance premiums is a big reason operating costs have shot up. But why did that happen? A prime suspect is bogus litigation, which some multifamily owners say insurers too often settle rather than fight. They point to trip-and-fall lawsuits in which insurers caved despite video evidence proving that the accidents were fake, or that the person who fell in the stairwell was typing furiously on his cellphone rather than watching his step. Will the government come to the rescue? Might Zohran Mamdani prod the City Council or state to offer a low-cost insurance product, allowing owners to […]

This article originally appeared on The Real Deal. Click here to read the full story.