New York Gov. George Pataki’s (R) decision to seek workers’ compensation reforms this year is welcome news, according to the American Insurance Association (AIA).
“Gov. Pataki’s leadership on this issue led to reforms in the 1990’s but more needs to be done,” said Gary Henning, AIA assistant vice president, northeast region.
“The benefit increase and other costly proposals in labor-backed bills currently in the legislature would put a severe strain on New York’s employers. That strain could cost the state jobs unless reforms are enacted to lower costs,” added Henning.
New York’s employers’ workers’ comp costs are reportedly 20 percent above the national average. New York also has the second highest average claim cost in the nation ($11,793), only Louisiana is higher ($11,817).
“Reforming the workers’ compensation system will benefit employers and workers,” added Henning. “A more efficient workers’ compensation system will help New York create more jobs.”
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