The State of New York approved an 11.4% loss cost rate decrease to the rate for Code 5190 Electrical Wiring. Effective with policies renewing on or after October 1, 2024, the loss cost for code 5190 will be reduced from 4.39 to 3.89. The loss cost rate, multiplied by a carrier loss cost multiplier yields the […]
The Scholarship Committee is pleased to announce the 2024 NYSEC College Scholarship is awarded to Samantha Farsky of member firm Off Shore Electric Corp., New York, NY. The award is $1,000 per year payable over a four-year period. Samantha is pursuing a degree in Sports Journalism at Arizona State University, where she is setting her sights on becoming a sports broadcaster. We […]
Several important bills to the industry were tracked during the 2024 NYS Legislative session. View a recap and current status HERE