New York State Insurance Fund News

Construction Company Indicted for Wage Theft, Insurance Fraud in New York

CRV Precast Construction LLC (CRV) and six of its employees have been indicted for misclassifying workers as lesser-skilled, underpaying them and falsifying information about payroll and employees, including a worker who was killed at a company job site. The defendants …

New York Surgeon Sentenced for Nearly $87K Workers’ Comp Fraud Scheme

A central New York orthopedic surgeon has been sentenced for running an ongoing scheme that defrauded the workers’ compensation system by nearly $87,000. Dr. Gregory B. Shankman, of Clinton, N.Y., was sentenced in Oneida County Court for his previous guilty …

New York State Insurance Fund Expands Pay-As-You-Go Payment Service

The New York State Insurance Fund (NYSIF) announced that it is expanding its pay-as-you-go premium payment plan, NYSIF PAYGO, to include additional payroll service companies. NYSIF said PAYGO is a simple and convenient way for eligible policyholders to pay their …

NYS Insurance Fund Adds QR Code to Workers’ Comp Certificates

The New York State Insurance Fund (NYSIF) is adding a new feature to its certificates of insurance. NYSIF said all NYSIF workers’ compensation certificates now include a QR (quick response) code, which can be scanned to instantly validate a certificate …

New York State Insurance Fund Launches New Online Medical Provider Portal

The New York State Insurance Fund (NYSIF) announced on Thursday the launch of its new online medical provider portal. NYSIF said the new portal will allow registered providers and third party billers to retrieve claims payment information regarding their workers’ …

NYSIF Issues Update on Elimination of WCB Fees, Weekly Benefit Rate

The New York State Insurance Fund (NYSIF) issued an update on June 19 noting that Gov. Andrew Cuomo recently announced the elimination of a number of Workers’ Compensation Board (WCB) fees as a part of the 2015-16 state budget. According …

New York State Insurance Fund Celebrating Its 100th Year

The New York State Insurance Fund (NYSIF), a New York State agency established to provide a guaranteed source of workers’ compensation insurance coverage, is celebrating its centennial anniversary this month. NYSIF announced that July 1, 2014, marked the 100th anniversary …

New York State Insurance Fund to Host MWBE Investment Forum

N.Y. Gov. Andrew Cuomo announced the New York State Insurance Fund (NYSIF) would be hosting emerging Minority- and Women-Owned Business Enterprises (MWBE) asset managers and brokers in a forum designed to further spark statewide job growth and expand investment opportunities …

New York State Insurance Fund Names New Executive Director

The New York State Insurance Fund announced Eric Madoff joined NYSIF as executive director on Monday, Jan. 6. Madoff was elected to the executive director role by NYSIF’s Board of Commissioners at its regular monthly meeting on Dec. 18, 2013. …

NYSIF Announces Payment Extension for Policyholders Affected by Sandy

New York State Insurance Fund, New York’s largest workers’ compensation and disability benefits carrier, announced Wednesday that it is extending payment deadlines for all policyholders directly affected by Superstorm Sandy. For affected workers’ comp and disability benefits policyholders in 10 …