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August 2011 Archives

New York's Workers' Comp Shortfall Nears $1 Billion

A recent Workers' Compensation Board report indicates that New York state's insolvent workers' compensation trusts are running at a nearly $1 billion deficit. The shortfall, thought to be $600 million last summer, is now put at $924.7 million.

New York's Maximum Workers' Compensation Benefits Increased

The ceiling for workers' comp benefits is on the rise in New York. Weekly benefit payouts could potentially increase for thousands of workers' compensation claimants. The benefit increase is part of an adjustment that NY regulators consider each year. This is welcomed news, as adjustments are needed frequently to accommodate inflation and the rising cost of living for New Yorkers.

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