Bill Would Keep Business Expenses Out of Loss Cost Calculations

With just 72 hours remaining in New York's 2018 legislative session, stakeholders are squaring off over a bill that would fundamentally change the way insurers calculate workers' compensation premiums. House Bill 11036 would bar insurers from including loss-adjustment expenses, which can include claims investigations expenses, attorneys' fees and other costs of doing business, into loss costs. "This bill would remove loss-adjustment expenses from the definition of 'loss costs' in order to ensure that insurance companies are not including standard busine...