New York Workers Compensation Board News

New York Board Proposes 4.5% Workers’ Compensation Rate Decrease

New York businesses could soon see some slight relief in workers’ compensation premiums, according to an announcement from Gov. Andrew M. Cuomo. The governor’s office released a statement Monday saying that the New York Compensation Insurance Rating Board, a non-governmental …

New York Passes $153B Budget Including Workers’ Comp Reforms

The New York State Senate in April passed its $153 billion 2017-2018 state budget that includes reforms to workers’ compensation in the state. These reforms serve to help businesses, local governments and not-for-profits save money while also enhancing protections for …

New York Workers’ Compensation Loss Costs Going Up Oct. 1

New York has approved a 9.3 percent average hike in workers’ compensation loss costs. The new benchmarks will go into effect Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep the insurance …

New York Auditors Find $3.45M in Faulty Workers’ Comp Claims

New York auditors report preventing 206 incorrect claims for $1.85 million in workers’ compensation and medical benefits last year while identifying 417 duplicate claims for $1.6 million paid over the past two years. The Comptroller’s Office, which keeps three auditors …

Argo Names AIG’s Mike-Mayer Chief Underwriter, NYWCB’s Wade Chief of Claims for U.S.

Specialty insurance and reinsurance carrier Argo Group International Holdings, Ltd. announced the appointments of Frank Mike-Mayer as chief underwriting officer and Mark Wade as chief claims officer, both serving as key executives for the company’s U.S. operations. As chief underwriting …

9/11 Responders Urged to Register for N.Y. Workers’ Comp Benefits

Elected officials and union activists in New York are urging Sept. 11 responders to sign up for New York worker compensation benefits. They say that those who worked around the World Trade Center site should enroll with the state Workers …