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Jul 15
Workers Comp Loss Costs To Drop 10%

​The New York State Department of Financial Services has approved an average 10 percent decrease in Workers' Compensation loss costs, the New York Compensation Insurance Rating Board announced today. The new loss costs apply effective October 1, 2019. The decrease was recommended by the board in the filing it submitted to the department on May 15.

The board also said that it will post the full schedule of loss costs by classification code on its website shortly.

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