Insurance industry representatives are optimistic New York will see workers' compensation changes after newly inaugurated Gov. Eliot Spitzer said reforming the system to reduce the state's cost of doing business is an important piece of his agenda.
In his State of the State message delivered yesterday at the capitol in Albany, Mr. Spitzer, the former state attorney general, gave a far-reaching address on needed reforms in the state "to restore New York as a beacon of hope and opportunity."
While giving no specifics, Mr. Spitzer said workers' comp reform was one of a set of major actions the state must take to revitalize the economy by reducing the state's cost structure to attract jobs and capital back to New York.
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