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
The NYSEC Annual Membership Meeting will be held August 1, 2024, 2:00PM at Keens Steakhouse, 72 West 36TH St. New York, NY. Please RSVP your attendance with the registration form here by July 20, 2024. Order of Business: Approval of Minutes of the 2023 Membership Meeting Report of Officers Report of Nominating Committee Election of Officers and Directors […]
On April 16, 2024 the 2024-2025 NYS Executive Budget was enacted… Download Legislative Update HERE
Since 1992 the State Association has been awarding an annual scholarship to help advance the educational pursuits of college bound students. The scholarship award is $1,000 per year for a maximum award of $4,000. The scholarship application may be downloaded HERE. Note that the deadline for filing the application is JUNE 21, 2024. Please circulate […]
OSHA requires firms with 11 or more employees to record injuries during the 2023 calendar year on the 300 log, and then post the summary form 300A for the period February 1 to April 30, 2024. Note that it is not necessary to record cases where only first-aid was rendered. If there were no injuries, […]
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 […]
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 […]
On May 3, 2023 the 2023-2024 NYS Executive Budget was enacted… Download Legislative Update HERE