The president of the New York Compensation Insurance Rating Board (NYCIRB) said Wednesday the carrier-run rate maker is on board with a call by state regulators to overhaul the way rates are set for workers' compensation.
New York Insurance Superintendent Eric Dinallo called on Gov. Eliot Spitzer and lawmakers this week to revamp the rating structure for the 94-year-old workers' compensation system, leaving NYCIRB in place in dual roles of collecting data from the system and recommending loss costs.
Spitzer's 2007 workers' compensation reform package included a sunset provision that will...
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