Gov. Hochul can lower insurance and other consumer costs right away by amending this valuable tort reform

A very good tort reform capping third-party legal lending recovery of plaintiff awards is headed to Gov. Kathy Hochul's desk. Getty Images

Wow: New York’s Legislature actually passed a good legal reform, reining in the dirty “legal lending” industry — but before she signs it into law, Gov. Kathy Hochul should push for an amendment to make it even better.

The bill, A00804C, limits third-party lenders who finance a lawsuit to a maximum 25% share of what the plaintiff winds up winning, a step crucial to discouraging shady schemes where “investors” recruit clients who wind up with almost nothing while the lenders cash in big.

But Hochul should ask lawmakers to add a provision requiring full disclosure of the third-party lenders’ identities, sunlight that will further protect against pr