NYSID to Hold Public Hearing on Proposed Workers’ Comp Rate Increase

The New York State Insurance Department announced that it has scheduled a public hearing on July 3, to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 11 percent, to be effective Oct. 1, 2003.

“This rate application has been submitted by the New York Compensation Insurance Rating Board (NYCIRB), which serves as the advisory rate service organization for workers’ compensation in New York State,” said the announcement. “All workers’ compensation insurers must send statistics to the NYCIRB, which compiles and evaluates data and proposes rate changes that are subject to the Insurance Department’s prior approval.”

The hearing will be held on July 3, at 11 a.m. at the offices of the Insurance Department in New York City at, 25 Beaver Street, in room 518. It added that the complete rate increase application may be examined at the offices of NYCIRB at 200 East 42nd Street, New York, NY, or at the Insurance Department, by appointment only, at the following locations:

Albany Office
One Commerce Plaza
Albany, New York 12257
518-474-7495

New York City Office
Property Bureau
25 Beaver Street
New York, New York 10004
212-480-5527

“Those wishing to speak at the hearing should notify Ellen Wenz at the Department’s New York City office at 212-480-5262,” said the bulletin.” Those unable to attend the hearing may submit written statements for inclusion in the official record within 7 days of the hearing date to the Public Affairs & Research Bureau at the Insurance Department’s New York City Office. “

It added that “In accordance with the Americans with Disabilities Act, the Department will provide a reasonable accommodation, such as a sign language interpreter, a qualified reader, etc., at no charge to any covered individual wishing to attend or testify at the hearing when such a request is made at least seven days before the hearing.”