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New York Agents Want to Rein in State Workers' Comp Insurer

East News • May 9, 2008
A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund - a nonprofit state agency which is New York's largest workers' compensation ...

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Subject: RE: RE: RE: RE: NYS Worker's Comp

Posted On: May 12, 2008, 9:34 am CDT
Posted By: OCTANE!
Comment:
I am going to have to agree with John here. The guy obviously knows what hes talking about. The State Fund by law MUST insure anyone that applies for a policy. It doesnt have the luxury of dropping bad risks or turning away high risk industries. How many private carriers are willing to take on contracting risks? Not many. 9/11? Lets see how many private carriers are down when they start building on the Trade Center site. This is a commission issue, so take this nonsense to the private carriers and tell THEM they need to change THEIR routine to compete. Lets try to remember that NYSIF and the whole workers comp law system was created to help workers, not to fill anyones wallet.
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