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NY Workers’ Comp Assessment Rate To Decrease

Abstract: The New York State Workers' Compensation Board has announced that the state assessment rate​ for calendar year 2025 will be 7.1%. Body: ​The New York State Workers' Compensation Board has announced that the state assessment rate​ for calendar year 2025 will be 7.1%. It applies to of the standard premium or premium equivalent.​ For example, if the standard premium is $10,000, the amount of the assessment is $710. The assessment rate for calendar year 2024 is 9.2%.By law, the assessment is assessed on all Workers' Compensation insurance policies issued to New York employers to pay for the Board's expenses. The new rate takes effect January 1,…

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Seeking Candidates for the 2025 Big I NY Board of Directors

Abstract: Have you ever thought about doing something to give back to the independent agent system? Now could be the time. Body: Have you ever thought about doing something to give back to the independent agent system? Now could be the time. We are seeking candidates for the 2025 Big I NY Board of Directors.The Big I NY Board of Directors represents members in three regions across the state: West-Central, East-North and Metro-Suburban. They set the strategic direction for the association and tackle issues that impact independent agents and consumers. If you are interested in learning more about the opportunity contact Kathy Lawler at klawler@biginy.org.You just may…

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Supporting Future Leaders & Attracting New Talent

Abstract: Studies show that there will be close to 400,000 job openings in the insurance industry over the coming years due to mass retirements. What can we do about that? Body: Presentation at SUNY CobleskillPresentation at Tompkins Cortland Community CollegeBy Jim Lombardo, AVP of Learning & Development at Big I NY​I probably don't have to tell anyone reading this that the insurance industry is amid a talent crisis - heck your organization is either not fully staffed or you are currently fighting to “keep good people happy". That being said, studies show that there will be close to 400,000 job openings in the insurance industry over the…

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