Long Island Work Compensation May Receive an 11.5% Rate Increase

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Robert Golan

In a recent Insurance Journal article, The New York Compensation Insurance Rating Board (NYCIRB) submitted a filing to the Department of Financial Services for an 11.5% change in loss. The proposal hearing is set for the coming weeks. The article lists various factors to the proposed change, including increased claim frequency, rise in medial and indemnity claim costs, and increasing expenses.

As an experienced Long Island work compensation in New York, we stand with you, providing you with excellent service for your workers compensation case.

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