Rating Board Announces Manual Changes, Other Matters

New York’s rating bureau announced last week that the state Department of Financial Services approved several changes to the Workers’ Compensation and Employers Liability Manual, including notice of 2018 assessment rates.  The New York Compensation Insurance Rating Board changed the manual to: Revise wording to reflect a 12.1% assessment rate approved earlier this month by the State Workers’ Compensation Board. Clarify the application of Manual Rule IV D.7, which relates to the separation of payroll for employers in the construction industry. The board added the wor...