Legislative Update August 2024
Several important bills to the industry were tracked during the 2024 NYS Legislative session. View a recap and current status HERE
Author Archive: Jay Mangione
Legislative Update May 2024
On April 16, 2024 the 2024-2025 NYS Executive Budget was enacted… Download Legislative Update HERE
Webinar—NEW NYSEC Health Insurance Group
A second informational webinar is scheduled for Monday December 18, 2023 at 2:00 PM. Eric Kane, program coordinator with Gallagher Risk Services will host an overview of the 2024 NYSEC Health insurance program, providing details, network, next steps and answer your questions. Follow the Microsoft Team Meeting link below or dial-in for audio only: Microsoft […]
Workers Comp. Loss Cost Revision Flat for Code 5190
The State of New York approved a 0.0% loss cost rate change in the rate for Code 5190 Electrical Wiring. Effective with policies renewing on or after October 1, 2023, the loss cost for code 5190 will remain at 4.39. The loss cost rate, multiplied by a carrier loss cost multiplier yields the total rate charged by the […]
May 2023 Legislative Update
On May 3, 2023 the 2023-2024 NYS Executive Budget was enacted… Download Legislative Update HERE
Association Health Plan
The State Association is making progress toward an Association Health Plan designed specifically for our NYSEC membership. Our endorsed broker partner Gallagher Risk Services/ Cool Insuring has compiled preliminary employer data and is in the process of approaching carriers for underwriting and pricing. The program will be available to cover the non-collectively bargained employees, office […]
OSHA 300A Posting 2/1/23 – 4/30/23
OSHA requires firms with 11 or more employees to record injuries during the 2022 calendar year on the 300 log, and then post the summary form 300A for the period February 1 to April 30, 2023. Note that it is not necessary to record cases where only first-aid was rendered. If there were no injuries, […]
2023 Winter Meeting – Jamaica
The Winter Meeting is back! The State Association will be hosting the 2023 Winter Meeting at the Hyatt Zilara Rose Hall All-Inclusive Resort, Montego Bay, Jamaica. Dates are Saturday January 28 – February 1, 2023. Please download Meeting and Registration form HERE. Plan to relax and network with your fellow industry counterparts in sunny Jamaica!
Workers Compensation Rate Revision
The State of New York approved a decrease in the rate for Code 5190 Electrical Wiring. Effective with policies renewing on or after October 1, 2022, the loss cost for code 5190 will decrease 9.1% from 4.83 to 4.39. The loss cost rate, multiplied by a carrier loss cost multiplier yields the total rate charged […]
2022 OSHA POSTING
OSHA requires firms with 11 or more employees to record injuries during the 2021 calendar year on the 300 log, and then post the summary form 300A for the period February 1 to April 30, 2022. Note that it is not necessary to record cases where only first-aid was rendered. If there were no injuries, […]