New York Compensation Insurance Rating Board Now Seeks 16% Increase In Rates

I just wrote in a recent post that the New York Compensation Insurance Rating Board’s withdrew its proposal for a 9.5% increase in its manual rate levels.  The Board just released a bulletin seeking a 16% rate increase to be effective October 1, 2005 (see bulletin).  Here is an article about the proposed rate increase in The Insurance Journal.

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