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May 17
Workers Comp Rating Board Proposes Loss Cost Decrease

​The New York Compensation Insurance Rating Board announced this week that it has proposed a 2.6% decrease in Workers' Compensation insurance loss costs for 2023. If approved, the new schedule of loss costs will apply effective October 1, 2023.

The filing is subject to approval by the New York State Department of Financial Services. The filing and explanatory memorandum are available for review online​.


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