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Workers Comp Loss Costs To Drop 13% in October

Abstract: Overall loss costs for Workers' Compensation (WC) insurance in New York will decrease by an average 13.2%, according to the New York Compensation Insurance Rating Board. Body: ​Overall loss costs for Workers' Compensation (WC) insurance in New York will decrease by an average 13.2%, according to the New York Compensation Insurance Rating Board. The change in loss cost levels applies effective October 1, 2025.This is the ninth consecutive year that WC insurance loss costs have decreased in New York.Loss costs are not premium rates. They reflect the expected cost of paying losses plus adjustment expenses. Each insurance provider, including the New York State Insurance Fund,…

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Big I New York & Connecticut Advance Industry Interests at NCOIL 2025

Abstract: Many of the insurance industry’s leading advocates—including Big I New York, Big I Connecticut, and the national Big “I”—joined key state legislators in Chicago last week for the National Council of Insurance Legislators (NCOIL) Summer 2025 Meeting. Body: ​Many of the insurance industry's leading advocates—including Big I New York, Big I Connecticut, and the national Big “I"—joined key state legislators in Chicago last week for the National Council of Insurance Legislators (NCOIL) Summer 2025 Meeting. Independent agents and brokers were well represented through the active participation of Travis Wattie, AVP of Government Relations for Big I New York & Connecticut, and Wesley Bissett, Senior…

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New York Daily News Publishes Big I New York Letter Supporting Labor Law Reform

Abstract: In response to an op-ed by U.S. Representative Nick Langworthy on the Infrastructure Expansion Act of 2025, Big I New York Chair of the Board Kelly Gonyo submitted a letter to the editor in support of the bill. Body: ​In response to an op-ed by U.S. Representative Nick Langworthy on the Infrastructure Expansion Act of 2025, Big I New York Chair of the Board Kelly Gonyo submitted a letter to the editor in support of the bill. The proposed federal legislation seeks to preempt New York State Labor Laws 240 and 241.  The letter appeared in the New York Daily News on July 14. …

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