March 11, 2013 New York Governor Andrew Cuomo in January during his state of the state address announced Workers Comp reform as part of his 2013-2014 fiscal year budget proposal. Immediately after the reforms were announced, industry groups, including the Property Casualty Insurers Association of America (PCI) and the American Insurance Association (AIA), and the […]

Workers Compensation Policy Institute September 10, 2012 Workers’ Comp Assessments: New York’s tax remains the highest in the nation New York municipalities say workers’ comp costs have gone up despite 2007 reforms ALBANY, NY, September 10, 2012 –A surcharge added to workers’ compensation costs for all New York State employers remain the nation’s highest. It […]

Business Insurance – July 10, 2012 Commercial property/casualty insurance prices are expected to show a 3% increase at midyear compared with the same time last year, according to Barclays Capital Inc.'s midyear 2012 Commercial P&C Insurance Buyers' Survey. According to Barclays, its survey of 75 risk managers from U.S. and Canadian companies—39% in the Fortune […]

Workers compensation costs being covered by other sources Market experts dispute assumptions used in research Business Insurance – July 1, 2012 SACRAMENTO, Calif.—Researchers at the University of California Davis say nearly 80% of direct and indirect costs that could be covered by workers compensation insurance are being paid by private health plans, government insurance programs […]

Workforce – July 5, 2012 Employers renewing their workers compensation policies likely will pay more for the coverage as claims costs rise and insurers' combined ratios deteriorate, experts say. Purchasers of primary and excess workers' comp insurance are seeing price increases, mostly in the single-digit range, brokers and insurers say, but insurers are fighting to […]