Report: Workers' comp changes have failed to lower costs in N.Y.

04/25/2012 | Business Insurance (tiered subscription model)

Municipalities in New York have seen workers' compensation costs rise even though the state made changes in 2007 in an effort to lower the costs, according to a report from the Workers' Compensation Policy Institute. "The issue is complicated by the fact that the state is restricting local government revenue and then imposing regulations that drive up workers compensation premiums," said Stephen Altieri, the institute's board chairman, in a statement.

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