New York workers’ comp reform 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 …

N.Y. DFS Disapproves NYCIRB’s +6.8% Loss Cost Level Change Filing

The New York Compensation Insurance Rating Board (NYCIRB) announced in a bulletin yesterday that the New York Department of Financial Services (DFS) issued an opinion and decision letter disapproving the +6.8 percent workers’ compensation loss cost level change filed with …

N.Y. Compensation Insurance Rating Board Seeks 16.9% Hike in WC Loss Costs

The New York Compensation Insurance Rating Board (NYCIRB) said it submitted to the state’s Department of Financial Services last week a loss-cost filing for an overall average loss cost change of +16.9 percent. A hearing is likely to be scheduled …