New York Gov. Andrew Cuomo announced the assessment rate that employers pay to the state’s workers’ compensation system will drop to 13.2 percent from 13.8 percent in 2015, resulting in savings to all employers totaling $45 million. The drop represents …
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 …
New York’s Manhattan District Attorney Cyrus R. Vance, Jr. announced Tuesday that a New York State Supreme Court grand jury has issued a report examining the vulnerability of New York’s workers’ compensation insurance system to fraud and misuse. The grand …
A top official from New York State’s Department of Financial Services (DFS) recently spoke about the state’s property/casualty insurance markets, calling it overall very good but “a bit more of a mixed bag” from a granular level. And it’s shaping …
New York Gov. Andrew Cuomo announced last Friday the state issued $370 million in bonds to assist businesses in failed group self-insured trusts fulfill their obligations to their injured workers. The bonding is made possible in Gov. Cuomo’s 2013 Business …
The New York Dormitory Authority is borrowing $370 million this week to repay workers’ compensation claims, the first sale under a regulatory overhaul that Democratic Governor Andrew Cuomo said will save $1.2 billion. The issue is the first of as …
The New York State Workers’ Compensation Board (WCB) is pressing on with its effort to resolve the liability problems stemming from collapsed group self-insured trusts. WCB has been taking a multi-pronged approach to tackle the problems in the past few …
The New York Department of Financial Services on Monday approved a revised loss cost filing from the New York Compensation Insurance Rating Board (NYCIRB) with an effective date of Oct. 1, 2013. As a result, policyholders in New York State …
New York Gov. Andrew Cuomo said this week that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ compensation system that were included in the recently passed state budget. At …
New York Gov. Andrew Cuomo’s workers’ compensation reform proposals are expected to bring overall net savings to employers, according to analysis from the New York Compensation Insurance Rating Board (NYCIRB). The NYCIRB said Part O of Senate Bill 2605 /Assembly …
