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The New York State Insurance Department has proposed medical treatment guidelines for treating workers injured on the job. The guidelines are designed to hold down workers compensation costs in the state while also ensuring better care for injured workers, according to the department.
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NU ONLINE NEWS SERVICE, December 7 – While presenting a generally rosy forecast of underwriting profitability for the property/casualty industry, Robert Hartwig, president of the New York-based Insurance Information Institute shared growing concerns about the workers compensation line.
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The passage of New York States Workers Compensation Reform Act in March 2007 and the ensuing regulatory provisions and implementation have brought to the surface a variety of issues that have been simmering for some time. Not least of these relate to the insurance fund " known alternately as NYSIF. Over the past several months, carriers, producers, and even the Insurance Department have weighed in with concerns, some of long standing, others related specifically to the new legislation and what many see as an increase in the advantages NYSIF enjoys relative to the private market.
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Despite the near-universal joy, jubilation, and sheer relief with which the workers compensation reform legislation was met when it passed last March, just about everyone acknowledged that, in the end, the proof of the bill would be in the pudding of its implementation. And it has certainly proven true that the devil is in the details. The issues that have most preoccupied the insurance industry fall generally into two groups: those arising from deeper scrutiny of the language of particular measures in the bill, and those related to Governor Eliot Spitzers March 13 directive to Superintendent Eric Dinallo, Workers Compensation Board Chairperson Donna Ferrara, and Patricia Smith, Commissioner of Labor. Not all the answers are in, but the debate itself seems to be exposing hidden agendas, and at times, exemplifying the law of unintended consequences.
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As New Yorks workers compensation reform moves forward, it is difficult to determine if the end product will achieve the anticipated long-term effect. Everyone praised Governor Eliot Spitzer and the state Legislature for passing this much-needed legislation when it was first unveiled. Finally, the broken New York workers compensation system would be fixed. Injured workers could expect to see increased benefits, and New York businesses could expect to see reduced insurance costs. Everyone was hopeful the changes would signal increased competition.
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There is no one in New York who could find fault with the recently-enacted workers compensation reform. Governor Eliot Spitzer and the state Legislature are to be commended for bringing together business and labor and creating legislation that will increase benefits to injured workers while at the same time reducing workers compensation costs for businesses.
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ALBANY, N.Y., July 19 – Workers compensation insurers would no longer be required to contribute to the aggregate trust fund (ATF) under legislation introduced in the Senate.
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ALBANY, N.Y., May 22 – The New York State Insurance Fund (NYSIF) has developed a process for the electronic receipt of medical bills and accompanying reports.
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Governor Eliot Spitzer is pleased with the progress that has been made so far to reform New Yorks ailing workers compensation system, the governors spokesperson said.
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ALBANY, N.Y., May 10 – A Long Island insurance broker and a New Jersey contractor have been arrested in similar, but separate cases of workers compensation insurance fraud, according to the New York State Insurance Fund (NYSIF).
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JERSEY CITY, N.J., May 9 – ISO announced that it has signed a licensing agreement to provide Workers Compensation Information Services (WCIS) to Utica Mutual Insurance Company, a subsidiary of the Utica National Insurance Group.
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ALBANY, N.Y., May 8 – Legislation introduced in both houses of the New York State Legislature would amend the workers compensation law to provide for future manifestations in workers and volunteers of illness resulting from the terrorist attacks on the World Trade Center on 9/11.
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MANSFIELD, Conn., April 9 – Rebecca Shafer, an attorney and risk consultant, and former CEO of Aons workers compensation consulting unit, has created a series of online tools designed to help small and medium-sized employers cut workers compensation costs. The tools are for sale online at www.workerscompkit.com.
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When the College of Cardinals elects a new pope, a puff of white smoke appears above the roofs of the Vatican. On March 13, when Governor Eliot Spitzer signed the workers compensation reform legislation, Albanys version of a white smoke signal appeared " followed, in the ensuing weeks, by a sort of grey haze compounded of the difficulty of interpreting the meaning and significance of some of the details, the many unknowns still to be resolved through regulatory measures, and the simple fact that only time will tell.
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The past month has been a very difficult time for pessimists and skeptics. The lucky ones have only had to eat their words. But others have been spotted at eateries everywhere, from modest diners to expensive restaurants, glumly chewing on their headgear.
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The fate of legislative reforms to New Yorks workers compensation policies may pivot on wrangling waged outside of Albany.
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Cautious optimism is the prevailing mood among industry members and observers with regards to the workers compensation reform bill that was approved by both houses of the New York State Legislature on March 6.
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New York Compensation Managers, Inc. announced the development of its new program, Savings Happen Amongst Proactive Employers (SHAPE). The program is intended to be a simplified transitional return to work program.
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The tip of the iceberg emerged on January 11, 2007, in an online article from WorkCompCentral: A New York think tank is preparing to release a critical review of the states workers compensation system at the end of the month. The article goes on to explain that the report focuses on non-compliance by employers with respect to payroll reporting and, in particular, the fragmented collection of payroll data and of enforcement.
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The plaintiff allegedly was injured while operating a pallet jack owned by his employer and repaired by the defendant. Approximately a month and a half before the plaintiffs accident, the plaintiff contacted the defendant to repair the pallet jacks malfunctioning brakes. The defendant repaired the brakes. A few days before the accident, the plaintiff again contacted the defendant to service the pallet jacks brakes. However, on the date of the accident, the plaintiff operated the pallet jack even though he was aware that its brakes had not yet been repaired. A Kings County jury returned a defense verdict, and plaintiff appealed. The Appellate Division affirmed.
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TRENTON, N.J., January 20 – Governor Jon Corzine has signed into law a bill that shortens the amount of time, from three months to 60 days, until interest may be charged for late payments of workers compensation benefits by insurers.
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There is near universal agreement that something about workers compensation in New York needs to change. Across the state, experts, legislators, and others are talking about ways to fix or reform workers compensation, but while much of the discussion is on the high cost, low benefits, and lengthy process, there are other areas that deserve consideration, according to Simon Klarides, CPCU, ARM, an independent consultant working on behalf of the Demetriou Group, and the New York Transportation & Service Safety Group.
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NEW YORK, N.Y., December 8 – The New York Compensation Insurance Rating Board (NYCIRB) has completely revised and updated its website (www.nycirb.org). The new look will be unveiled on January 1.
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