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AUGUST 2011
FEATURE ARTICLES

Personal Life Insurance:

• What's the purpose of life insurance?
  
  
• What types of life insurance are available?

Accident Insurances Losses by Make and Model

Industry in Review

New York City Bars with Quality Amusements, Gaming Accessories and Other Activities

TLC NEWS

IN FOCUS by Matthew Daus

• Independent Contractor Status
  
  
• Bus Service and Expanded Access-A-Ride Taxi Voucher Program to Livery Cabs Citywide Restored

Commissioner's Letter:

• Mayor Bloomberg's Five Borough Taxi Plan ready for Governor's signature
  
  
• 1,500 new yellow taxi medallions to be made available over three years to enhance taxi service in Manhattan
  
  
• NYC TLC to create a new force of at least 60 officers to combat illegal street hail activity, protecting public safety, and supporting the legitimate livery and taxicab operators throughout the City
  
  
• 97½% of all taxicab business takes place in the Manhattan Central Business District or at the airport. Only 2½% of taxi activity takes place everywhere else
  
  
• Since Mayor Bloomberg's Five Borough Taxi Plan announcement in January 2011 medallion values have continued to rise:
  
  
  1. Corporate medallion prices over this period rose 18.2% (from a high sales price of $825,000 in January 2011 to $975,000 in June 2011), and
     
     
  2. Individual medallion prices over this period rose 5.4% (from a high sales price of $650,000 in January 2011 to $685,000 in June 2011.
     

New York City Approves Ford Transit Connect Taxi for Use

Use of Smartphone Applications (or apps) for Purposes of Requesting and Dispatching For-Hire Vehicle Trips

TLC Court Transferred to The Office of Administrative Trials and Hearings (OATH)

Updated Penalties for Violations of the Laws and Regulations that Govern New York City Taxi Limousine Licensees Effective July 1, 2011

Bus Service and Expanded Access-A-Ride Taxi Voucher Program to Livery Cabs Citywide Restored

COVER ILLUSTRATIONS & CREDITS

New York City Bars with Quality Amusements, Gaming Accessories and Other Activities • Images courtesy of www.nycgo.com

Photo credits (Clockwise from top left): Full Circle Bar • Photo: Paolo Cardone, Delta House • Photo: Phil Kline, Ace Bar • Photo: Phil Kline, Viva Toro • Photo: Phil Kline