Closing N.Y.'s Reopened Case Fund May Leave Workers' Comp Insurers Under-Reserved

This change could impact your future premiums in New York.

An industry executive warned recently that a set of proposed changes in New York could leave workers’ comp insurers under-reserved.

Julia Stenberg, an assistant vice president and actuary at CNA insurance companies, spoke about New York’s proposal to end an unusual element in the state’s comp law, the reopened case fund. Stenberg said that the structure could create a reserve deficiency among New York comp writers.

Read More: Closing N.Y.'s Reopened Case Fund May Leave Workers' Comp Insurers Under-Reserved.

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