Search
 

N.Y. Cuts WC Rates 20.5%

His action was prompted by reforms in workers' comp law earlier this year, and is estimated to save New York businesses about $1 billion in the 2007-2008 fiscal year, according to the New York State I

By Caroline McDonald | Updated on July 11, 2007

New York State Insurance Superintendent Eric Dinallo has ordered a 20.5 percent decrease in workers’ compensation insurance rates for the fiscal year beginning Saturday.

His action was prompted by reforms in workers’ comp law earlier this year, and is estimated to save New York businesses about $1 billion in the 2007-2008 fiscal year, according to the New York State Insurance Department.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.