Today’s issue of WorkCompRecap features some interesting rate and reform news, as New York Governor Andrew Cuomo recently announced that after asking for a reconsideration of the original rate recommendation, policyholders in the state will actually see a rate decrease of 1.2 percent, marking the first reduction in rates since 2008.
The Governor also announced that the remaining measures of the Workers’ Compensation Reform Law from 2007 have been fully implemented, including the release of the Guidelines for Determining Permanent Impairment and Loss of Wage Earning Capacity, and the recent adoption of diagnostic testing network regulations.
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