Businesses Calling for New Reforms Following 11.5% Loss-Cost Filing

By Michael Whiteley, Eastern Bureau ChiefNew York business groups are asking Gov. Andrew Cuomo and lawmakers to implement further workers' compensation reforms following a call by the New York Compensation Insurance Rating Board (NYCRIB) to increase loss costs by 11.5%, effective Oct. 1.Michael Durant, New York director of the National Federation of Independent Business (NFIB), said Tuesday talks are ongoing with Cuomo and leaders in the New York Assembly and Senate over concerns that the reforms signed into law by former Gov. Eliot Spitzer on March 13, 2007, have failed to reduce costs."W...