|
|||
|
|
|
New York: Rates to increase 9.1 percent
Employers in New York will see their workers' comp rates increase as of Oct. 1.
State Insurance Superintendent James J. Wrynn approved the revised figure. The New York Insurance Compensation Rating Board initially proposed a 10.4 percent rate hike but amended the amount after the superintendent's approval of 9.1 percent. Wrynn said increased benefits and medical fees were among the reasons for the higher rates. The Insurance Department said rates have actually decreased an average of 10 percent since October 2000.
August 22, 2011 Copyright 2011© LRP Publications |
|
|
|
Entire contents copyright © 2013 Risk and Insurance® All rights reserved.
May not be reproduced in any form without written permission.
|